Warshaw Burstein Of Counsel Michael Zukerman and a member of the Real Estate practice group discusses Property Assessed Clean Energy (PACE) Programs. These programs are an innovative mechanism for financing energy efficiency and renewable energy improvements in both commercial and residential real estate developments. Through these programs, a property owner is able to finance these up front improvements and pay the cost back over time through a voluntary assessment. PACE programs are becoming increasingly popular and the number of states and municipalities that have enacted these programs continues to increase.
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