OHIO PACE

FSE is proud to be an official PACE approved contractor. PACE, which stands for Property Assessed Clean Energy, helps building owners to improve facilities with no out-of-pocket expenses.

What is Pace?

PACE is a simple and effective way to finance energy efficiency and renewable energy building improvements. PACE can pay for qualifying improvements for commercial, retail, industrial, nonprofit, and multi-family properties.

Property owners across the United States are using PACE to save money and make their buildings more valuable. PACE provides financing for 100% of an energy project's cost and is repaid for up to 25 years with a voluntary special assessment added to the property’s tax bill.

Six Reasons to Use PACE Financing
  • No Down Payment
    • PACE covers 100% of the hard and soft costs of an energy project eliminating the need for up-front capital.
  • No Personal Guarantee
    • PACE financing is “guaranteed” by the Special Assessment added to the property’s tax bill, therefore, no personal or business guarantees are needed.
  • Off Balance Sheet Treatment
    • Because PACE financing is solely repaid via a Special Assessment added to the property’s tax bill, “off balance sheet treatment” is recommended by some accountants because the repayment “runs with the land” and not the business.
  • Fixed Rate/Fixed Payment
    • PACE financing rates and terms are fixed for the life of the PACE loan.
  • 15-25 Year Term
    • Repayment terms can be extended to match the useful life of the eligible improvement.
  • Triple Net Lease Pass-Through
    • Because repayment of PACE funding is via a Special Assessment on the property’s tax bill and is technically an increase in property taxes, the property owner can seamlessly share the PACE-financed improvement costs(and energy savings) with the tenant under some lease structures such as “triple nets”.
FSE's Role

After receiving eligibility from OHIO PACE, FSE will work as your partner to assess your facility and pinpoint energy improvement initiatives, focusing on maximum enery efficiency and occupant comfort. Once these improvements are identified and agreed upon, FSE will complete the Energy Project Summary Form and submit via the Energy Project Application. The application allows the property owner to provide essential financial documentation about the property and its operating status. OHIO PACE provides the information to its network of registered capital providers to obtain PACE financing terms for the owner.

Once the Application is approved and funding is secured, FSE will complete the authorized energy-saving improvements, resulting in a more efficient and valuable building.