EFFICIENT FINANCING
FOR BUILDING EFFICIENCY.

EFFICIENT FINANCING
FOR BUILDING EFFICIENCY.

Energize Kentucky Projects

East Bluelick Road
East Bluelick Road
Building Shell
Hillview
$2.2 million in PACE Financing
Fort Thomas Avenue
Fort Thomas Avenue
LED Lighting, HVAC, Building Shell
Fort Thomas
$94,000 in PACE Financing
Lion Apparel
Lion Apparel
Solar
West Liberty
$295,000 in PACE Financing
Riverhaus
Riverhaus
LED Lighting, Controls, HVAC, Windows, Elevator, Roof
Covington
$4.4 million in PACE Financing
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PACE Opportunities

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How it Works

PACE Financing is a financing method with great benefits, made just for investments in energy efficiency to commercial properties.

Download the Kentucky PACE brochure

“PACE financing is modeled as part of the capital stack for every project we develop.”
Dan Neyer PRESIDENT, NEYER PROPERTIES
Dan Neyer

Potential PACE Benefits:

  • NO DOWN PAYMENT
  • OFF BALANCE SHEET TREATMENT
  • NO PERSONAL GUARANTEE
  • LEASE PASS THROUGH
  • FIXED RATE & FIXED PAYMENT
  • 15-30 YEAR EXTENDED TERM

KENTUCKY PACE Funding Process

  • Initial Eligibility Form

    The property owner completes a brief form at KYPACE.org to help PACE determine if the property and potential energy project is eligible for KENTUCKY PACE financing.

  • Energy Project Summary Form

    The property owner works with a KENTUCKY PACE registered contractor to identify eligible energy saving improvements and quantify the energy savings. This form is submitted with the Energy Project Application.

  • Energy Project Application

    The application form allows the property owner to provide essential financial documentation about the property and its operating status. KENTUCKY PACE provides the information to its network of registered capital providers to obtain PACE financing terms for the owner. NOTE: The property owner must obtain written consent from the existing mortgage holder before a PACE special assessment can be added to the property’s tax bill.

  • Image for: Funding

    Funding

    The property owner agrees to financing terms and then the PACE special assessment is added to the property’s tax bill. After the KENTUCKY PACE financial closing occurs, the funding will be available for the eligible energy saving improvements.

  • Image for: Installation

    Installation

    The registered contractor completes the installation of the authorized energy saving improvements. KENTUCKY PACE ensures all improvements are installed to the satisfaction of the property owner.