MinnPACE

The MinnPACE program offers financing for industrial, commercial, and residential property owners to install energy efficiency and emissions reduction projects, including those utilizing beneficial electrification technologies, geothermal, and solar heating. The program offers 100% financing for eligible projects, repaid at a fixed rate through a special property tax assessment over timelines of up to 20 years. In most cases, the energy savings from project installation exceed project costs. Only participating cities offer MinnPACE funding, including Cottage Grove, Northfield, Saint Paul, Hopkins, Eden Prairie, Minnetonka, Minneapolis, Duluth, and Mankato.