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PACE Program

Long-Term Financing for Energy Efficiency & Sustainable Upgrades

Anne Arundel County participates in the Property Assessed Clean Energy (PACE) Program, an innovative financing tool that helps commercial and industrial property owners invest in energy-efficient and sustainable building improvements with no upfront capital required.

PACE allows you to modernize your property, reduce operating costs, and improve building performance while preserving working capital.

Ideal For: Commercial and industrial property owners seeking to finance energy efficiency, renewable energy, or sustainability upgrades.

Loan Amount: Based on project scope and underwriting approval 

Use of Funds: Energy efficiency improvements, renewable energy systems, water conservation measures, and other qualified building upgrades repaid through a property tax assessment.

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Overview & Benefits

PACE financing enables eligible property owners to make upgrades with no money down. Instead of a traditional loan, financing is repaid as a benefit assessment added to the property tax bill over long terms, up to 20 years.

The assessment remains with the property, meaning:

It transfers upon sale
It may be passed through to tenants where appropriate
It aligns repayment with the useful life of improvements

Anne Arundel County partners with the Maryland Clean Energy Center to administer PACE financing and connect property owners with approved capital providers.

Key Advantages

No upfront capital required
Long-term repayment (up to 20 years)
Preserves cash flow for other business needs
Transfers with the property upon sale
Supports lower utility costs and improved building performance

Eligibility Requirements

To qualify for the PACE Program:

The applicant must be the legal owner of the building
The property must be non-residential or residential with 5+ units
The property must be located within a PACE-enabled area
At least $3,000 per year must be spent on energy bills

Total debt secured by the property must be 90% or less
Mortgage cannot be held in a Commercial Mortgage-Backed Security (CMBS)

Additional underwriting criteria may apply through the lending partner.

Ready to Upgrade Your Property?

If you’re considering energy-efficient improvements or renewable energy installations, PACE may provide the flexible, long-term financing solution your project needs.

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