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Royal Oak, Mich., Establishes PACE District

August 22, 2014 By Karen Henry

PACENow-energy-manageThe Royal Oak, Mich., City Commission voted unanimously to established a Property Assessed Clean Energy (PACE) program. It is the 10th local government to create a PACE district.

Under the program, commercial building owners may voluntarily assume a special assessment on their property tax bill to finance energy efficiency, water efficiency and renewable energy projects.

The program will be administered by Lean and Green Michigan, which has established a statewide marketplace for PACE financing since 2012, and currently administers the PACE Programs in Wayne, Washtenaw and Macomb Counties, as well as the Cities of Southfield and Rochester Hills, among others.

Wayne County created a PACE district in 2013.

Earlier this year, over $500,000 of a $1 million project to make improvements to the 1-800-Law-Firm building in Southfield was financed through PACE.

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