Energize NY PACE

Funding Your Clean Energy Project

Energize NY PACE (Property Assessed Clean Energy) provides low cost, long-term alternative to traditional loans to fund clean energy projects in commercially owned buildings. PACE (Property Assessed Clean Energy) financing is not a bank loan and differs from traditional financing options because:

  • eligibility for financing is not based on traditional credit scores
  • financing is available for up to 100% of the project cost, or can be combined with other financing
  • customizable loan terms up to 20 years
  • the financing is repaid through an annual charge on the property’s tax bill, like other municipal charges for sewer or water
  • the financing automatically transfers to a new owner if the property is sold
  • Energize NY will finance only those projects that are determined to be cost effective in accordance with NYSERDA's Commercial PACE Guidance Document.

How to Apply

Applying for Energize NY PACE is easy, with an online application, fast approvals and customer service to help you through the process.

If you answer “Yes” to the following questions, then you qualify for Energize NY PACE.  Click here to apply now.

  • Is your property located in an Energize NY community?
  • Is your property owned by a company (e.g., corporation, LLC, LP, or trust), or a not-for-profit?
  • Is your property’s loan-to-value ratio less than or equal to 90%?
  • Are you seeking financing in an amount less than or equal to 35% of the value of the property?
  • Has the property owner been bankruptcy–free for the past 7 years?
  • Have all property taxes been paid on time for the past 3 years?

Eligible Projects | Eligible Buildings | Energize NY PACE Handbook | FAQs | More about PACE