Press Release: Property Assessed Clean Energy (PACE) Launches in Minnesota with First Approved Projects

New Statewide Financing Tool Helping Businesses in Minnesota Cut Energy Costs, Add Solar

Minnesota’s statewide commercial Property Assessed Clean Energy (PACE) financing program officially launched with the unanimous council approval of three PACE-funded energy efficiency and solar energy projects in the City of Minneapolis.

“PACE financing is a great tool that helps building owners make smart investments in their properties and cut their utility bills through energy efficiency and solar technologies,” said Eutectics CEO Jeremy Kalin, who helped build the PACE MN platform and facilitated its first PACE projects.

The City of Minneapolis has joined the list of communities across the country with approved Property Assessed Clean Energy (PACE) financing for solar and energy efficiency projects. The first three approved PACE project totaled $685,495 in energy improvements for a life sciences building, a neighborhood grocery store, and an industrial supplier and remanufacturer.

Read the full press release.