PACE Alive and Well, Part I
January 24, 2017
Contractors Grow Their Businesses with HERO Home Efficiency Financing
[Editor's Note: This is part 1 of a series that describes how PACE financing is revolutionizing the home performance contracting industry.]
Home improvement and clean-energy contractors are embracing Property Assessed Clean Energy (PACE) financing and reaping the rewards. This novel form of financing is helping contractors to expand their customer base, increase the scope of their jobs and the ticket price on projects, and enhance their reputation in their communities. PACE brings clean-energy and energy-efficiency financing to homeowners in participating municipalities. The program spurs local job growth in the contracting sector, increases the value of the community’s housing stock, and reduces demand for energy. See Table 1.
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