Counties

The MD-PACE program has been designed to ease the burden of PACE administration for Counties that want offer PACE financing to their building owners.

For counties to opt in to MD-PACE, their legislative body must first pass an ordinance or resolution to empower the county to sign an agreement with the Maryland Clean Energy Center, an instrumentality of the state.

The MD-PACE program offers OUTSOURCED PACE ADMINISTRATION:

  • No fee for county
  • Collects regular, small fees from PACE projects to support administration

The MD-PACE program offers OPEN MARKET ADMINISTRATION:

  • Allows any capital providers to finance deals at a low application cost

The MD-PACE Program provides everything your county needs to make PACE a success.

Design Program & Financing Requirements
  • Develops list of eligible PACE projects
  • Develops approval criteria for buildings owners
  • Confirms compliance with state and local laws
  • Establishes partnership with engineer for review of complicated projects to confirm energy savings (added cost to applicant)
Establish Legal Framework for Program Administration
  • County Ordinance
  • Agreement between PFS and Capital Provider (link to this doc – forthcoming)
  • Notice of PACE Project and To Commence Levy of Benefit Surcharge
  • Assignment of Lien
Manage Application and Review Process
  • Develop the documents to govern the process:
  • Tracks applications for reporting volume to county
  • Rapid response team reviews applications for PACE approval
Collection and Servicing
  • Customizes based on needs of county tax collector
  • Determines the repayment schedule and provide written notice of the surcharge amount the County
  • Integrates with taxing jurisdictions and lenders
  • Sets up trustee account and facilitate collections
    • Simple and secure fund transfer
    • Maintain and report payments, records and account balances
    • Automated payment allocation
    • Confirmation of periodic billing
  • Services PACE surcharges and remit payment to capital providers; special servicing available
  • Compensates County for costs incurred