Energize NY Finance (PACE Financing): Provides financing to commercial properties for free energy efficiency upgrades and renewable energy projects. The program is financed with Property Assessed Clean Energy (PACE) structure to provide low interest rates, long repayment terms, transferability of the loans and other benefits. Loan term lengths are from 5-15 years, with fixed rate interest rate between 5% and 7% (depending on the term).
- Eligibility: Commercially owned buildings, multi-family buildings, industrial space, schools, non-profits and more. Funding is not available for new construction.