Chris talks with Robert Mattler, PACE Equity‘s Managing Director in Michigan. Robert gives the definition and history of PACE, which stands for Property Assessed Clean Energy. PACE is an economic development tool that has been in Michigan for 4-5 years, and was put into law during the Granholm administration.

PACE Equity helps building owners use a special financing vehicle to enable building improvements. PACE is a program legislated at the municipal level that allows private investments to fund improvements to buildings through a tax assessment. Robert and Chris discuss how PACE is an underutilized tool in the market place that businesses should take advantage of, because it is an economic development tool and financial saver that pays for itself.