Columbus setting the PACE nationally for commercial energy efficiency and sustainability financing
Monday, November 25, 2019
In under three years of operating its commercial PACE (property assessed clean energy) financing district, the greater Columbus region has become a national leader in energy efficiency and sustainability financing. With nearly $100 million invested, the region boasts the largest total investment of any region in the state. As of mid-2019, central Ohio also had the largest total commercial PACE investment of any single metropolitan region in the nation.
In early 2016, the Columbus Regional Energy Special Improvement District was formed through the cooperation of the City of Columbus, the Columbus-Franklin County Finance Authority, the Mid-Ohio Regional Planning Commission and a commercial building owner. Since then the District has grown to cover Columbus, Bexley, Dublin, Grove City, Hilliard, Perry Township, Whitehall and Worthington.