Buyer's Guide 2024
Rural Minnesota Energy Board PACE Program
Solar & Battery Regulation & Incentive Programs
Program Overview
- Category
- Financial Incentive
- Program Type
- PACE Financing
- Implementing Sector
- Local
- State
- Minnesota
- Eligible Storage Technologies
- Solar Water Heat, Geothermal Electric, Solar Photovoltaics, Wind (All), Geothermal Heat Pumps, Yes; specific technologies not identified, Geothermal Direct-Use
- Website
- http://rmeb.org/pace.htm
- Terms
- Maximum PACE Loan will be up to 20% of the assessed property value $100,000.
Minimum PACE Loan will be $5,000
Greater than a 1:1 savings to investment ratio (projected savings based on energy audit should exceed investment costs)
Maximum of 20 years to repay loan. Loan term must not exceed estimated life expectancy of improvement.
Interest rate determined by RMEB Review Committee - Applicable Sectors
- Commercial, Industrial, Agricultural
- Last Updated
- 10/04/2021
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