PACE financing is picking up steam
On Friday, Florida’s embattled Governor Crist signed into law that state’s PACE financing bill. Now, the local jurisdictions just need to opt-in to allow for the financing to come through.
If you forgot what PACE financing is, check out our earlier blog post titled, “What is PACE financing?”.
A recent study from Johnson Controls estimates that today’s nascent U.S. commercial PACE market could represent around $18 billion each year.
As these guys aptly asked, how far will the PACE model spread and how deeply will it affect the business marketplace is today an open question.
PACE is a great program. Maybe you should do a how-to post on “Ten Steps Toward Obtaining PACE Financing.” Right now it seems to be a term that’s being thrown around, but how access is still a question.