Property Assessed Clean Energy Programs

Improve your Carbon Footprint While Saving

What is the Property Assessed Clean Energy Program (PACE)?

States across the country have passed legislation allowing local governments to offer PACE financing for energy-efficient projects on their property or business. Participation in the PACE Program is voluntary and allows property owners to repay their improvement costs over a set time period – typically 10 to 20 years – through property assessments.

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As of 2019, over 200,000 property owners have made

$5 BILLION

in energy efficiency and other improvements to their properties through PACE financing.

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How It Works

Qualified PACE service providers work together with building owners to select cost-effective projects for renewable energy.

PACE allows property owners to finance upfront costs of energy or other reliable improvements on a property and then pay the costs back over time through a voluntary assessment. Through PACE, the assessment is attached to the property rather than that individual.

Property owners are allowed to implement improvements without a large, up-front cash payment.

BENEFITS OF PACE
For Your Properties:

Let's Start Talking

Partner with us to find out more about the Property Assessed Clean Energy Program.

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The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.

Employers can claim up to $5,000 in refundable tax credits for each employee on their payroll in 2020 and up to a $7,000 credit per quarter (excluding Q4) for each employee in 2021.

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You're Not Too Late

After the passing of the Infrastructure Investment and Jobs Act on Nov. 15, the end date for the program’s end date retroactively changed to September 30, 2021, even though the program has ended, this does not mean the end for businesses.

 

You can retroactively claim the tax credit. Businesses have three years to conduct a lookback to determine if wages they paid after March 12, 2020, through the end of the program are eligible.

How Does Cost Segregation Work?

Through a cost segregation study, properties can be reclassified from a standard 39-year depreciable life to a 5, 7, or 15-year depreciable life, which enhances federal tax credit savings, and improves cash flow. Building and property owners are also able to retrieve missed deductions from previous years.

Who Qualifies for a Cost Segregation Study?

Almost any property from any company or industry can benefit from a cost segregation study. National Tax Group has performed cost segregation studies for a variety of industries over the last 20 years and have saved our clients millions in tax incentives. If your business owns property, chances are you can increase your cash flow with this tool.

 

Which Industries Can Benefit for a Cost Segregation Study?

Businesses like restaurants, hotels, apartment buildings, and commercial property have the most to gain from a cost segregation study. These businesses typically have the most lucrative outcomes from utilizing this tax tool.

We Help Owners From All Industries

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