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PACE FAQ


FAQNuance Energy PACE financing offers property owners flexible financing that is specifically designed to meet the needs of commercial and agriculture energy efficiency and solar energy projects.

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Benefits include:

  • It’s easy to qualify
  • Doesn’t encumber personal credit
  • Longer payback terms (up to 20 years)
  • Transferable lien (if property is sold before pay-off)
  • Competitive interest rates
  • Positive cash flow opportunities
  • Enables eligibility for rebates and incentives

Q. How is PACE different from traditional financing?

Nuance Energy PACE financing does not require many of the qualifications required by traditional sources of project capital. This unique financing mechanism is based on the value of your property, not your personal credit. Nuance Energy PACE is paid back at the same time and in the same manner as your regular property taxes, giving you the flexibility to pay semi-annually.

Q. Can PACE finance solar leases or PPAs (Power Purchase Agreements)?

Yes. Nuance Energy can develop a custom solar lease or PPA for your project.

Q. Can I keep the rebates associated with my project?

Yes! Nuance Energy does not require rebate funds to be applied to reduction of project costs.

Q. How do I know if I qualify for PACE financing?

Nuance Energy offers a self-qualification tool at the preliminary step of the application process. Please visit our application form on this website.

Q. How long can I finance my improvement project?

Nuance Energy PACE financing can be structured from 5 to 20 years. The length of your repayment period will depend on the useful life of the equipment upgrades you choose. Of note, solar and many other renewable generation products can be financed at the full 20 years.

Q. Must I have an energy audit of my property?

Nuance Energy does not require an energy audit or “test in, test out” procedures. Nuance Energy recommends engaging a knowledgeable contractor or energy specialist to design your project to ensure proper functionality and safety.

Q. What does the application fee cover?

The application fee is “all inclusive” of a title report and recordation of your closing documents. The application fee can be rolled into your financing and reimbursed upon closing.

Q. Once I submit my application, how long does it take to be approved?

Nuance Energy will typically approve your application to participate in the PACE program within a week of receiving it. Approval to participate means that your property meets eligibility requirements. If your property is mortgaged, Nuance Energy must obtain the consent of your mortgage lender before funds are approved.

Q. Once my application is approved, when can my contractor commence to install the new equipment?

Nuance Energy will issue you and your contractor a Notice to Proceed when your project is eligible to commence. Purchase, construction, and/or installation of improvements before receiving a Notice to Proceed may not be funded.

Q. What is lender consent?

PACE liens to secure the financing are at parity with general property taxes and, therefore, senior to mortgage liens. Nuance Energy obtains lender consent to ensure that property owners are not in violation of existing mortgage covenants.

Q. Can I keep the rebates associated with my project?

Yes! Nuance Energy does not require rebate funds to be applied to reduction of project costs.

Q. How long does the lender consent process take?

Typically, obtaining lender consent will take 2 to 5 weeks.

Q. When do I make my first annual assessment payment?

Your first annual assessment payment will be made in the first tax year following levying of the assessment lien. If funding is before June 30, the assessment will appear on the December tax bill of the same calendar year. If the funding is after June 30, it will appear on the December tax bill of the next calendar year.

Q. Can I pay off my PACE assessment early?

Yes. A prepayment fee will apply as detailed in the application form. Participating property owners should contact Nuance Energy for a payoff amount.

Q. If I want to use PACE financing but my city is not currently participating in the program, what should I do?

Nuance Energy PACE is available to all cities and counties in California.  Please contact a Nuance Energy representative if you would like to learn about how to bring Nuance Energy PACE to your community. We may ask you to submit the details of your project to determine the best approach.