The Michigan Public Service Commission is becoming the first state agency to use the PACE Financing to make energy improvements.
PACE is Property Assessed Clean Energy Financing made possible by 2010’s Public Act 270.
With PACE Landlords, tenants and local officials work together to make energy improvement to existing properties.
The tenants then pay off the improvements through property taxes.
Judy Palnau is the spokesperson for the MPSC. She said that as there is more awareness of PACE, it will be used more. “It’s still relatively few that have taken advantage of this but as more and more companies become aware of this it’s really a unique way to improve energy efficiency in existing properties.”
The MPSC is switching to LED lighting, adding solar panels and putting in solar powered electric car chargers at their new headquarters.
It hopes to finish their move to the improved property by the end of the year.