On July 18, 2022, Greene County entered into a Municipal Agreement with Energy Improvement Corporation to provide Open C-PACE financing for property owners making clean energy improvements and system installations.
Property Assessed Clean Energy (PACE) is a tax assessment-based financing mechanism providing long-term financing for energy efficiency and renewable energy projects.
• PACE loans are made using private funds through pre-qualified capital providers.
• PACE loans are repaid as a charge on a building’s tax bill.
• PACE debt is non-accelerating and repayment charges can be passed through to tenants on leases where appropriate.