Tag Archives: PACE

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How Energy Efficiency can sometimes reduce buildings’ value

ALEX KRAUS/AFP/Getty Images

ALEX KRAUS/AFP/Getty Images

 

We used to say that a more efficient building tends to be a more valuable building. It happened that PACE framework in the US already proved the opposite.

We’ve already delved into US PACE framework. However, in this very interesting BLOOMBERG NEW ENERGY FINANCE article, you’ll see how sometimes things can be counter-intuitive.

 

Grisp.org

By the way, what’s the US PACE?

We’ve already seen what’s the UK Green Deal framework, how it works and it can help firms in UK to sell more. This time, let’s continue our Worldwide Energy Efficiency frameworks tour with a US one: “PACE”.

Property Assessed Clean Energy (PACE) is a way to finance energy efficiency and renewable energy upgrades to buildings that has emerged in the United States. PACE repayments appear as an additional line on a building’s property tax bill. The debt is attached to the property rather than the property owner and is repaid by the beneficiary or the building improvement.