Property Assessed Clean Energy (PACE) is an innovative way to finance clean energy projects on commercial, multifamily, and nonprofit buildings (excluding condos and properties with less than five dwellings). Legislation passed in the 2015 Virginia General Assembly, and signed by Governor McAuliffe, enables PACE loans in Virginia.
As of December 2017 the only locality with a PACE program in Virginia is Arlington County. You can learn about the specifics of Arlington’s PACE program on their dedicated web site. You can download a copy of Arlington County's PACE ordinance and accompanying materials by clicking here.
In January 2018 the Loudoun County Board of Supervisors unanimously voted to move forward with a PACE program.