Kentucky Adopts Innovative PACE Clean Energy Financing Tool

May 7, 2015 By Jeremy Faust
Environmental Defense Fund Energy Exchange

In a surprising show of bi-partisanship, lawmakers in one of the nation’s more conservative states came together last month to approve a major victory for clean energy.

Kentucky became the latest state in the country to approve PACE (Property-Assessed Clean Energy), an innovative financing tool that allows cities to use their property taxes as a way to finance clean energy upgrades to buildings.

PACE’s unique structure and benefits have helped spur the proliferation of PACE programs around the county. As a result, the market for PACE financing is estimated to rise above $1 billion this year. 

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