Property Assessed Clean Energy (PACE) is a financing option for permanent energy efficiency, renewable energy, and water conservation projects. PACE financing is repaid as an assessment on the property’s regular tax bill.
SCEIP offers PACE (Property Assessed Clean Energy) financing for permanent energy, water, wildfire safety, and seismic strengthening improvements through the property tax system. Financing is available for residential, commercial, industrial, agricultural, multifamily and certain non-profit projects.
The Portland Clean Energy Fund, also known as the Portland Clean Energy Initiative, places a 1% surcharge on the business license fee paid annually by the largest businesses doing business in Portland. The resultant revenue stream will be dedicated toward providing mitigation of a degrading climate to those Portland residents who are the most vulnerable to climate change.