Credit: NESPIX/Shutterstock.com PACE Goes Live in New York: Watch Out for the Pot Holes
As with any rollout of a brand new program, we expect new issues to arise as the PACE program picks up steam in New York City.
October 12, 2021 at 11:45 AM
9 minute read
New York City made history when it passed legislation enabling the PACE (Property Assessed Clean Energy) loan program in 2019. Enabling PACE in New York City brought a brand new source of financing to New York City owners for energy-efficient capital improvements. The authors first introduced how PACE loans work in an article, How New York City Is Picking Up the 'PACE', published in the Law Journal on Nov. 5, 2019.
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