Eutectics Consulting made history tonight. The Edina (MN) City Council approved the nation’s first community-bank funded PACE project! Eutectics’ Main Street Model for clean energy financing truly works – for investors, businesses, contractors, local governments, and for the environment, too.
PACE is the Property Assessed Clean Energy voluntary tool that allows businesses to finance energy improvements via their property taxes, thus creating a zero-down, cash-flow-friendly impact on their bottom line.
Bremer Bank is the first community bank to fund a PACE project anywhere in the U.S. – and the first PACE investor of any kind outside of California. Our Main Street model is taking clean energy financing one or two steps closer to making clean energy accessible for everyone!
We will have more details about the project – and its historic implications – as it moves forward, but we wanted to share this exciting news tonight!