MassDevelopment is soliciting information from multiple firms to serve as capital providers (“Capital Provider”) for the Commercial Property Assessed Clean Energy Program (“PACE Massachusetts”, “PACE” or the “Program”). Firms will comprise a list of potential funding sources for property owners who wish to participate in PACE Massachusetts.
MassDevelopment has been designated as the Administrator for the Program and, in consultation with the Massachusetts Department for Energy Resources (“DOER”), has established a Program for property owners to finance energy improvements to commercial and industrial properties within the Commonwealth.
The Agency seeks to identify a pool of firms who wish to participate as Capital Providers for the Program, so the Agency can employ an open market third party financing structure. MassDevelopment intends to create a list of PACE Massachusetts Capital Providers (the “Registry”) interested in financing projects so property owners can review options for potential sources of financing for their energy improvement projects. The list of registered capital providers is maintained by MassDevelopment and will only be available upon request to a property owner pursuing PACE financing who has not selected a Capital Provider.
