PACE Market Data

Q2 2016 C-PACE Market Update

In the second quarter of 2016, the commercial PACE market continued to grow as PACE programs provided financing for 40 commercial projects that amounted to $25 million in total funding. Download the C-PACE Market Update to learn more.  (View past quarterly C-PACE market updates.)

Commercial PACE

C-PACE Overview




Commercial projects


Jobs created

Cumulative C-PACE Financing


C-PACE improvement type breakdown

(By $ funded)

Energy Efficiency (49%)

Renewable energy (37%)

Mixed (14%)

C-PACE projects by amount financed

(By  # projects)


C-PACE dollars funded by state (states > $10MM)

(By  $ funded)

wdt_IDState$ funded (millions)
1 California 100
2 Connecticut 86
3 Ohio 21
4 Florida 17
5 Minnesota 21
7 Wisconsin 12

C-PACE dollars funded by building type

(By  $ funded)


Residential PACE

R-PACE Overview




Home upgrades


Jobs created

Cumulative R-PACE Financing


R-PACE improvement type breakdown

(By $ funded)

Energy Efficiency (58%)

Renewable energy (37%)

Water (4%)

CAEATFA $ Enrolled by R-PACE Program (CA-only)

(Showing current outstanding portfolio enrolled in CAEATFA’s Loan Loss Reserve. Source.)


Cumulative R-PACE dollars securitized*

(By  $ funded)

*Ygrene’s securitization included a portion of commercial projects as well as residential projects.

PACE Legislative Progress

Commercial programs are active in 16 states: AR, CA, CO, CT, FL, KY, MD, MI, MN, MO, NY, OH, RI, TX, UT, WI, and DC. Residential PACE is flourishing in CA and is offered in FL. Various communities in MO and NY have also made residential PACE available.

Commercial PACE is available in major population centers including Los Angeles, San Francisco, Austin, St. Louis, Washington D.C., and Cincinnati. In addition, states with PACE-enabling legislation now encompass over  80% of the U.S. population.

  • States with PACE-enabling legislation: 32 plus D.C.*
  • States with active PACE programs: 16
  • Municipalities with PACE programs: 2,059

*Including subordinate-lien states.

MikePACE market data