Property Assessed Clean Energy (PACE) financing is expanding rapidly across Michigan and the country. This event will provide information detailing how to use this new financing option for upgrading the energy efficiency of commercial, industrial, multi-family and non-profit buildings.
U.S. buildings are, on average, over 50 years old and typically waste more than 30% of consumed energy. The required capital for energy efficiency, water conservation, and renewable energy projects is a major deterrent to going forward with these upgrades. Using the same mechanism that funds streets, sidewalks, sewers and other community projects, PACE makes these upgrades financially “doable”. This financing option can be applied to all systems supporting those upgrades including lighting, HVAC, roofing, insulation, windows and other building envelope improvements.
For communities such as Grand Rapids, which recently became a 2030 District with a stated goal of a 50% reduction in energy use by 2030, PACE is one of the most attractive financing vehicles to make this goal achievable. It answers the question “how are we going to pay for it?”
This session is for govt’s looking to implement PACE, property owners and developers looking for unique financing to build better and design/builders looking for resources to help take their project’s to the next level.
1. Learn how PACE can be used to finance high performance green building especially in Michigan.
2. Understand the concepts of new affordability in low income housing
3. Articulate the benefits of PACE on LEED projects.
4. Know where to get more resources to move forward.
Continuing Education Units (CEUs)
Certified Green Professional (NARI & CGP)
Certified GreenHome Professional (CGHP)
State Architect / Builder License may be applicable
1. Introduction + ANDY LEVIN, President Lean & Green Michigan: What PACE is, how it works and the key features and benefits. Also, the role of the PACE administrator and Lean & Green Michigan’s approach to developing the Michigan PACE market.
2. KYLE PECZYNSKI, Petros PACE Finance: Project underwriting criteria and how to initiate the PACE process. Also, how much capital is available for commercial PACE projects nationally.
3. JEFF DOMBROWSKI, GHI Board Chair & WM Housing Alliance. The overall impact of PACE on property development, how it enables going above and beyond what traditional financing typically allows in terms of energy efficiency. Review of the Keeler Mixed used affordable housing project planned energy efficiency upgrades and their economic impact. Discuss the role PACE can play in LEED midrise certification.
4. CURT MONHART, The Energy Alliance Group of Michigan: The roles and responsibilities of a PACE project developer; ideal candidates for PACE funded upgrades and how to initiate a PACE project.
Take your continuing education quiz here and grab more resources as well https://greenhomeinstitute.org/courses/using-property-assessed-clean-energy-pace-financing-make-buildings-better/