PACE Program
About Property Assessed Clean Energy (PACE)
PACE (Property Assessed Clean Energy) is a financing tool that enables owners of commercial properties to implement projects that will lower their operating costs by improving energy efficiency and by reducing water consumption. It enables long term savings for property owners and promoted the public purpose of energy conservation.
The concept is that the cost of installing water and energy saving improvements is financed over the lifespan of the improvements. The loan is serviced with a special property assessment that is less than the amount of money saved by the newly reduced energy costs.
PACE Program Manual(Updated 11/5/2019)
What Is ENCEAD?
ENCEAD is the Eastern Nebraska Clean Energy Assessment District. It includes the properties within incorporated city limits of the City of Omaha, and the properties within Omaha's three mile extraterritorial jurisdiction. The ENCEAD PACE Program is administered by the Economic Development Division of the Omaha City Planning Department.
Eligible Projects
Commercial and Industrial properties are eligible; residential developments are not. PACE improvements can be incorporated into the construction of new buildings, or they can be installed in existing buildings as retrofit measures as part of a substantial building rehabilitation project.
PACE improvements in a newly constructed building must provide energy savings over and above the savings built into existing building code requirements. Energy savings in retrofit projects (the rehabilitation of existing buildings) must improve upon the levels of energy consumptions associated with the systems being replaced.
Eligible Improvements
| • Automated HVAC Controls • Heat Pump Systems • Geothermal Systems • High Efficiency HVAC Systems • Exterior Insulating Finishing Systems (EIFS) • Water Conserving Plumbing Fixtures • Efficient Hot Water Heating Systems • Large Scale Commercial Appliance Systems • Sealing, Caulking, and Weatherization • High Efficiency Motors (Elevatiors, etc.) |
| • Water Heating Systems • Heat Recovery and Steam Traps • Renewable Energy Systems • Insulation & Building Envelope • Improvements • Efficeinet Furnaces, Boilers, & Chillers • Automated Building Management Systems • Insulated Roofing • Fenestration (Doors and Windows) • Efficient Lighting Systems (Especially LEDs) |
Documents
Contact
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