PACE energy financing initiative approved in Grand Rapids

GRAND RAPIDS — The Grand Rapids City Commission adopted a measure aimed at easing the process for property owners to make energy efficiency upgrades.

The Property Assessed Clean Energy (PACE) program acts as a financing mechanism for commercial building owners to upgrade energy-using equipment, anything from HVAC systems to solar panels to lighting.

“I am pleased that my colleagues on the City Commission joined me in approving a PACE program,” Grand Rapids Mayor Rosalynn Bliss said in a statement. “PACE provides a critical tool for property owners. It is an exciting step toward our sustainability goals and is a tremendous boost to the Grand Rapids 2030 District.”

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