DETROIT–The Lean & Green Michigan organization will hold in-person training for contractors in the Property Assessed Clean Energy financing system Wednesday, Oct. 26 from 7:30 a.m. to noon at the Zero Net Energy Center, 1358 Abbott St. in Detroit.
Lean & Green officials say the updated program provides a thorough introduction to the Lean & Green Michgian PACE program, program requirements, and how to use PACE financing successfully to complete green energy and energy efficiency projects.
Companies that complete the program will appear on the Lean & Green Michigan contractor page, where property owners and lenders search for contractors that meet their needs. Breakfast will be served, and refreshments will be offered throughout. To register, visit this link.
PACE financing provides long-term financing of energy efficiency upgrades, renewable energy installations, and other green building improvements for residential, commercial, and industrial property owners.
Rather than traditional loans used to finance these improvements—which typically require repayment long before they pay for themselves in energy savings—PACE financing is applied to the building as a special property tax assessment that is repaid over up to 25 years. And like any other property tax assessment, the PACE financing is sold with the building should it change hands. Some 28 of Michigan’s 83 counties have approved PACE financing in their jurisdictions, along with 20 cities.