Property Assessed Clean Energy (PACE) Financing

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Property Assessed Clean Energy (PACE) Financing
Information on PACE Financing, the City of Grand Island PACE District, and the application process.

Property Assessed Clean Energy, or PACE is a financing tool enabling development of clean energy projects and energy efficient buildings and operations. Nebraska Revised Statute §§13- 3203 and 13-3204(3) allows for the creation of Clean Energy Districts and defines PACE-eligible projects. City of Grand Island Ordinance No. 9752 passed by the Grand Island City Council on October 22, 2019, created the Grand Island PACE District (GI-PACE) and provides further requirements for implementation of a PACE program in Grand Island. The City Ordinance also directs the District Administrator (or their designee) to create a program manual that describes the application process, eligibility and other relevant program guidance.

PACE Program Manual [PDF]

Application [PDF]

Sample Assessment Contract [PDF]

The diagram below provides a visual concept of the relationship of all parties in the GI-PACE transaction process.