Lending
When it comes to funding, you have options.
MinnPACE can guide you through the process and help connect you with the right financing partner.
PACE
MinnPACE makes it simple for commercial, industrial, nonprofit, or multi-family property owners to fund energy saving improvements with no upfront costs, paid through your property tax bill.
Trillion BTU
The Trillion BTU Loan, created by the Saint Paul Port Authority, helps fund energy-saving projects under $1 million that are cash flow positive. Projects must meet federal compliance requirements.
MinnPACE vs. Trillion BTU
| MinnPACE | Trillion BTU | |
|---|---|---|
| Energy Improvement | ✔️ | ✔️ |
| Water Improvement | ✔️ | ❌ |
| Resiliency Improvement | ✔️ | ❌ |
| New Construction | ✔️ | ❌ |
| Savings Investment Ration 1:1 | ❌ | ✔️ |
| Energy Audit | ✔️ | ✔️ |
| Davis Bacon / Historic Preservation | ❌ | ✔️ |
| Term | Useful life up to 30 years | 10 years |
| Maximum Loan | 30% of property value | $1M |
| Rate | Varies | Max 6% |
| Payments | Annual (1/2 paid in May and Oct) | Monthly |
Lenders working with MinnPACE
Check Your Eligibility Now
Have three minutes? Answer a few questions to check eligibility and plan your next steps.