|Incentive Type:||PACE Financing|
|Eligible Efficiency Technologies:||Clothes Washers/Dryers, Dishwasher, Refrigerators, Dehumidifiers, Ceiling Fan, Water Heaters, Lighting, Chillers, Furnaces, Boilers, Heat pumps, Central Air conditioners, Programmable Thermostats, Energy Mgmt. Systems/Building Controls, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Roofs, Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Geothermal Heat Pumps|
Project costs: 10,000-350,000, not to exceed 20% of the property's State Equalized Value
Lien to value of the property cannot exceed 99% of twice the State Equalized Value
The City of Ann Arbor offers Property Assessed Clean Energy (PACE) financing for commercial properties located within the city. Projects will undergo a voluntary special assessment and may range in size from $10,000 to $350,000. The project costs cannot exceed 20% of the property's State Equalized Value, and the lien to value of the property cannot exceed 99% of twice the State Equalized Value. Property owners may use the financing for energy efficiency and/or renewable energy projects as defined by the 2010 Michigan legislation (Public Act 270 of 2010) which authorized local governments to create PACE programs. Commercial properties are defined as any property that is not a single family home, duplex, or certain townhouses. Projects must demonstrate that energy savings will be greater than the cost of the project. Interested residents should apply online at the program web site.