PACE in Kentucky
Kentucky passed PACE-enabling legislation in 2015 for renewable and energy efficiency improvements, and the KY-PACE program became active and administered a PACE project in the same year. KY-PACE is currently the only active PACE program in Kentucky.
Active PACE programs
Louisville’s Energy Project Assessment District (EPAD) program is a tool that allows property owners to repay private loans for energy efficiency, renewable energy and water conservation measures through a voluntary assessment administered by the Jefferson County Sheriff in the same manner as a property tax bill. The program allows property owners to secure more favorable financing terms than with traditional financing mechanisms. Through the EPAD program, property owners may also finance up to 100 percent of an eligible project’s cost.
Lead organization: Louisville Metro Office of Sustainability.
Energize KY is a new program available to commercial, industrial, and multi-family building owners across the Commonwealth. PACE (Property Assessed Clean Energy) provides access to low-cost, extended term capital to finance energy efficiency and water efficiency improvements.
Energize KY is the implementation of a new state law commonly called EPAD, that was adopted in 2015 (KRS 65.205), and allows a property owner to finance energy and water saving improvements through a voluntary assessment on the property.
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PACE Municipalities in Kentucky
|Municipality||County||State||Program Name||Lead Organization||Financing Type|
|Covington||Kenton County||KY||EPAD||Greater Cincinnati Energy Alliance||Commercial|
|Louisville Metro Government||Jefferson County||KY||EPAD||Louisville Metro Office of Sustainability||Commercial|