Increase energy efficiency and reduce monthly utility bills
The climate is changing, leading to more extreme weather events—communities around the world are paying the price.
Explore the environmental risks facing communities and learn how PACE financing can help by building a more resilient, prosperous, and sustainable future.
It is clear that our climate is changing. Increasingly, extreme weather events are having a serious and sometimes devastating impact on homes, businesses, and communities around the world.
Here in the United States, individuals and communities struggle with the increasing frequency and severity of hurricanes, floods, wildfires, and extreme heat and cold. These weather events lead to increased energy and utility costs, higher insurance premiums, and billions of dollars of storm-related repairs, the costs of which are borne by individual property owners and taxpayers.
Despite a recent groundswell of political support for environmentally conscious initiatives and investments, affordable financing for energy and resilience upgrades remains unobtainable for many property owners.
With record numbers of wildfires, wind storms, hurricanes, floods, tornadoes, and other disasters exacerbated by climate change, there is no question that the country is struggling to help property owners protect themselves and get them back on their feet after devastation.
Since 1980, environmental-related disasters have cost Americans over $1 trillion, according to NOAA research.
This increased risk directly impacts the insurance industry. As a result, the average home insurance rate has risen by 50 percent over the past 10 years alone.
Hover a storm for more information
1980sTotal Cost $163B
2.7 storms/year
$6.04B/storm
Total Cost $260B
5.1 storms/year
$5.10B/storm
Total Cost $489B
5.6 storms/year
$8.73B/storm
Total Cost $644B
10.3 storms/year
$6.92B/storm
Total Cost $1,642B
26.8 storms/year
$8.63B/storm
Total Cost $4,188B
69.6 storms/year
$10.75B/storm
Property Assessed Clean Energy (PACE) is an innovative financing solution that makes clean energy and resilience upgrades more affordable and accessible for property owners.
Increase energy efficiency and reduce monthly utility bills
Help protect homes and businesses from natural disasters
Create local jobs and drive economic growth in local communities
Contribute to shared environmental, social and governance (ESG) goals that are increasingly important to policymakers and investors
PACE, which leverages a time-tested municipal financing mechanism, is an innovative public-private partnership that expands access to financing for building upgrades related to energy and water efficiency, renewable energy and storage, and natural disaster mitigation.
Established by states via legislation and enabled by local government approval, PACE financing increases access to affordable financing and enables property owners to improve the health and safety of their homes and businesses. PACE fosters sustainability and strengthens communities in ways not possible through traditional financing options.
Explore the environmental, economic, and societal benefits derived from PACE investments to date and imagine what a truly PACE enabled world would look like.
As successful a public policy as it has been, PACE is just scratching the surface on the pathway to a decarbonized and resilient economy, built on healthier and safer communities across the country.
Research shows that extreme weather events have become more frequent and destructive over time. As such, there is an indisputable need for resilience improvements across the United States.
According to the Environment America Research and Policy Center, between 2007 and 2012, nearly 4 out of 5 Americans lived in a county that was affected by weather-related disasters, representing approximately 243 million Americans.
While many believe extreme weather events are isolated to at-risk states like Florida, California, Texas, and New York, the reality is that no state is safe. But within this context of increased risk, PACE financing is well-positioned to provide needed relief.
Extreme weather occurs throughout the country. Explore this risk on a state-by-state basis, and see how a PACE-enabled world can transform risk into opportunity.
A PACE-enabled future is a world with more jobs, a stronger economy, and decreased environmental impact from fossil fuels.
PACE financing could generate significant environmental and economic impacts for communities if enabled nationwide.
Explore the tremendous potential environmental and economic impacts across the Nation, and see how a PACE-enabled world can transform risk into opportunity.
With an increasing number of extreme weather events that lead to significant costs for local, state, and federal governments, as well as the citizens they serve, Americans must take on the challenge of making their homes and businesses safer and more resilient in the face of disaster.
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