This week Eutectics Consulting officially launches MnPACE.com, a one-stop resource center for Minnesota’s Property Assessed Clean Energy (PACE) programs. MnPACE.com offers comprehensive resources for Minnesota on the unique opportunities PACE financing provides for local government, business owners, contractors and service providers, and investors interested in saving money through energy efficiency or renewable energy projects.
MnPACE.com is a project of Eutectics Consulting, the leading Upper Midwest PACE financing source. Eutectics Consulting’s President, Jeremy Kalin, chief-authored the state’s PACE legislation while serving in the Minnesota House of Representatives, and today leads Eutectics Consulting’s energy financing work.
A Resource for Getting Projects Done
MnPACE.com will help to guide contractors and energy service providers as well as business owners through the process of applying for PACE funding. It has pages devoted to explaining what kind of projects are eligible for PACE funding, who can use PACE funding, and why PACE funding is great choice for businesses who want to pursue energy projects.
A Resource for Expanding PACE Across Minnesota
MnPACE.com is also a place where local governments can learn more about starting a PACE program in their territory. Eutectics is already helping local government partners from across the state to expand local economic development opportunities through PACE. Eutectics’ Main Street Model partners directly with local government, as well as Minnesota-based investors, to make clean energy financing easy.
Commercial PACE offers financing for energy projects with no upfront costs – on a cash-flow-positive or cash-flow-friendly basis. PACE eligible projects increase building value and building efficiency, all with no additional debt load. The loan is paid-back through a special assessment on property taxes, a mechanism that is well established and understood well by local jurisdictions and commercial real estate owners alike.
Momentum is building in Minnesota and across the country for commercial PACE programs that drive energy efficiency, renewable energy, and in some cases, water conservation measures. Eutectics Consulting is excited to present MnPACE.com as the go-to resource for commercial PACE financing in MN.