About MinnPACE
Smarter Financing for Energy Upgrades
MinnPACE (Property Assessed Clean Energy) is a smart financing option for commercial, industrial, multi-family, or agricultural property owners looking to make energy-saving improvements. Whether you’re planning renovations or building from the ground up, MinnPACE can help you invest in upgrades like new windows, insulation, HVAC systems, lighting, and solar.
Here’s How It Works
MinnPACE is a powerful financing tool that helps property owners invest in energy efficiency, water conservation, and resilience projects — often with little to no upfront cost.
Unlike traditional loans, MinnPACE financing is repaid through a voluntary property tax assessment. With up to 100% financing available — covering both hard and soft costs — MinnPACE makes it simple to launch projects that lower energy bills, increase property value, and advance sustainability goals.
MinnPACE works directly with counties to place the assessment and service the financing, ensuring a smooth and secure process for property owners. Our team is here to answer your questions, provide guidance, and support you every step of the way.
Explore the Map to see Where MinnPACE is Available.
See if your project is in a qualifying area.
Why Choose MinnPACE
MinnPACE makes it simple and affordable for property owners to fund energy efficiency, renewable energy, water conservation, and resilience projects. With flexible terms, lower rates, and repayment through a property tax assessment, MinnPACE reduces upfront costs, improves cash flow, and builds long-term property value—without personal guarantees.
Wondering how MinnPACE compares to a commercial loan? The difference is clear.
| Commercial Loan | MinnPACE | |
|---|---|---|
| Purpose | General business needs | Energy efficiency, renewable energy, water conservation, resilience projects |
| Financing Coverage | Typically 70–80% of project costs, 5–30% down | Up to 100% of eligible costs, often no down payment |
| Loan Term | 3–7 years (sometimes up to 25) | Up to 30 years, aligned with life of improvements |
| Rates & Repayment | Fixed or variable rates, monthly payments start immediately | Fixed rates, deferred repayment. Paid back via property tax bills (twice a year) |
| Security & Guarantees | Collateral and personal guarantees usually required | Tied to property through special tax assessment, no personal guarantee needed |
| Transferability | Must pay off or refinance when property sells | Assessment stays with property and can transfer to new owner |