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{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cleanfund.com\/","url":"https:\/\/cleanfund.com\/","name":"PACE Financing (Property Assessed Clean Energy) | CleanFund","isPartOf":{"@id":"https:\/\/cleanfund.com\/#website"},"about":{"@id":"https:\/\/cleanfund.com\/#organization"},"primaryImageOfPage":{"@id":"https:\/\/cleanfund.com\/#primaryimage"},"image":{"@id":"https:\/\/cleanfund.com\/#primaryimage"},"thumbnailUrl":"https:\/\/cleanfund.com\/wp-content\/uploads\/2022\/05\/cropped-Cleanfund_favicon.png","datePublished":"2022-05-18T18:19:00+00:00","dateModified":"2025-03-23T18:46:07+00:00","description":"What is a PACE loan? Welcome to CleanFund, the experts in California PACE financing (Commercial Property Assessed Clean Energy) with a Nationwide footprint.","breadcrumb":{"@id":"https:\/\/cleanfund.com\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cleanfund.com\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cleanfund.com\/#primaryimage","url":"https:\/\/cleanfund.com\/wp-content\/uploads\/2022\/05\/cropped-Cleanfund_favicon.png","contentUrl":"https:\/\/cleanfund.com\/wp-content\/uploads\/2022\/05\/cropped-Cleanfund_favicon.png","width":512,"height":512,"caption":"CleanFund | C-PACE (Commercial Property Assessed Clean Energy) Financing starts with CleanFund"},{"@type":"BreadcrumbList","@id":"https:\/\/cleanfund.com\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home"}]},{"@type":"WebSite","@id":"https:\/\/cleanfund.com\/#website","url":"https:\/\/cleanfund.com\/","name":"Cleanfund | PACE","description":"PACE Financing starts with CleanFund","publisher":{"@id":"https:\/\/cleanfund.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cleanfund.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cleanfund.com\/#organization","name":"CleanFund | Commercial PACE Capital","url":"https:\/\/cleanfund.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cleanfund.com\/#\/schema\/logo\/image\/","url":"https:\/\/cleanfund.com\/wp-content\/uploads\/2022\/05\/cropped-CleanFund-Logo.png","contentUrl":"https:\/\/cleanfund.com\/wp-content\/uploads\/2022\/05\/cropped-CleanFund-Logo.png","width":553,"height":158,"caption":"CleanFund | Commercial PACE Capital"},"image":{"@id":"https:\/\/cleanfund.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/cleanfund\/mycompany"]}]}

{"@context":"https://schema.org","@type":"FAQPage","mainEntity":[{"@type":"Question","name":"What is Property Assessed Clean Energy (PACE)?","acceptedAnswer":{"@type":"Answer","text":"<p>Assessment Financing is like a TIFF.  It is a public improvement mechanism that has been around for more than 100 years to fund projects that are for the public good.  The definition of \"public good\" now includes projects that reduce energy and water usage.</p>"}},{"@type":"Question","name":"How PACE Works: from Program Creation to Funding","acceptedAnswer":{"@type":"Answer","text":"<p><strong>Step 1</strong>: State approves PACE legislation (40 states so far)</p><p><strong>Step 2</strong>: Counties or cities “opt-in” to one or more PACE programs based upon state program parameters</p><p><strong>Step 3</strong>: CleanFund underwrites PACE programs to ensure best practices</p><p><strong>Step 4</strong>: CleanFund sources transactions:</p><p><em>Directly</em> through relationships with property owners</p><p><em>Indirectly </em>through our participating lenders.</p><p><strong>Step 5</strong>: Lenders approve transactions and fund directly or through CleanFund.</p><p><strong>Step 6</strong>: The county collector adds a line-item to the property’s tax bill, and collects the new PACE payments as part of ordinary remittances</p>"}},{"@type":"Question","name":"What is an Assessment Contract?","acceptedAnswer":{"@type":"Answer","text":"<p>An assessment contract sets forth the property owner’s obligation to repay the PACE financing over time along with their normal property tax payments and clarifies the various terms of the PACE financing. The contract is between the property owner and the municipality in which the property is located. Either the lender or CleanFund will purchase a PACE bond that is backed by an assignment of the assessment contract.</p>"}},{"@type":"Question","name":"How do I pay my PACE Assessment?","acceptedAnswer":{"@type":"Answer","text":"<p>This assessment is levied each tax year and included on the building owner’s property tax bill. The payments are due at the same time as ordinary property tax payments. The lender will generally collect property taxes monthly with the mortgage and pay on behalf of the owner.</p>"}},{"@type":"Question","name":"Can I make a partial payment of my property tax bill?","acceptedAnswer":{"@type":"Answer","text":"<p>No.  In most jurisdictions, you cannot partially pay your property taxes (i.e., choosing to exclude certain line items).  This is part of what makes PACE credit so reliable.</p>"}},{"@type":"Question","name":"Can I pay off my assessment early?","acceptedAnswer":{"@type":"Answer","text":"<p>Yes. Typically, a prepayment premium is paid in connection with a prepayment and will vary depending on the negotiated interest rate.</p>"}},{"@type":"Question","name":"Can PACE financing be used to reimburse previous work?","acceptedAnswer":{"@type":"Answer","text":"<p>Yes, PACE can be used to finance improvements that are already installed and in operation should there be written acknowledgement of PACE as a financing option. As a safeguard, CleanFund’s Initial Application includes a clause on intention to reimburse prior to the start of construction, which preserves the Owner’s right to be remunerated for work that has already been completed. This might include engineering studies, energy audits, and other soft costs.</p>"}},{"@type":"Question","name":"Does PACE financing provide for 100% of construction costs?","acceptedAnswer":{"@type":"Answer","text":"<p>Yes, CleanFund can provide financing for up to 100% of costs associated with the improvements, including soft costs, such as engineering, site work, and energy audits in California.</p>"}}]}