Mary Kathryn Lynch, CFO of Renew Financial
PACE (Property Assessed Clean Energy) loans have been around for more than a decade but occupy a relatively narrow niche in the lending ecosystem. The legislation varies by state but PACE loans can be used to finance energy efficiency projects such as solar panels, new boilers, insulation and more. The borrower does not repay the lender directly but makes payments as part of their property tax assessments.