Commercial solar resources: PACE model contract

That leads us to the two new SEIA documents. Regardless of the ITC and FERC outcomes, the

The model contract (available for download) integrates the familiar Power Purchase Agreement financing mechanism with another financing agreement through PACE, the Property Assessed Clean Energy program.

PACE enables local authorities to fund clean energy and energy efficiency projects on private property. The upgrades are paid back by the property owners through their tax bill. The program is voluntary. It is modeled on assessment districts, which are typically established to enlist property owners in paying for public upgrades like street lights, sewers and utility lines.