Bringing Power to Communities in Southeast Ohio
  • Profit-Neutral

    Council of Governments

  • PUCO Certified

    Electric Government Aggregator

  • 100% Renewable Electric

    Wind-Powered Energy Supply

  • Profit-Neutral

    Council of Governments

  • PUCO Certified

    Electric Government Aggregator

  • 100% Renewable Electric

    Wind-Powered Energy Supply

PACE Financing

PACE stands for Property Assessed Clean Energy, and allows property owners within an Energy Special Improvement District (E-SID) to finance energy efficiency or renewable generation investments through a lien on their property. The PACE lien is recovered over time through an added property tax assessment. Because the payments are recovered through property tax assessments, there is much lower risk for the program’s lenders, which achieves a lower interest rate for the PACE participants. In addition, PACE liens are not considered debt, and so they do not appear as liabilities on a business’s balance sheet or impact their credit. And when the property is sold, the PACE lien and the energy improvements that belong to the property remain with the property without any transfer hassle. Finally, under Ohio law, PACE projects can only be approved by the E-SID authority if the projected energy bill savings are greater than the increased property tax assessment. This means that PACE projects are legally guaranteed to achieve savings, with a lower interest rate than traditional borrowing and without impacting the borrower’s credit. Currently, PACE projects in the SOPEC program must be over $100,000 in cost to qualify.

PACE Application

Please complete the form below to submit a SOPEC PACE loan application. The Southeast Ohio Public Energy Council (SOPEC) and its lending partner the Northeast Ohio Public Energy Council (NOPEC) will work together to review the application and determine if the property improvements qualify for PACE financing.


Company Information

All fields required unless otherwise noted


Business Information

All fields required unless otherwise noted


Property Information

All fields required unless otherwise noted


Project Information

All fields required unless otherwise noted.


Disclosure Statement

1. The applicant authorizes the Southeast Ohio Public Energy Council (SOPEC) and its lending partner the Northeast Ohio Public Energy Council (NOPEC) to make inquiries as necessary to verify the accuracy of the statements made and to determine the applicants creditworthiness. The statements made herein are made for the purpose of obtaining a loan. By signing below, applicant understands that false statements may result in forfeiture of benefits and possible prosecution. 2. Applicant understands that this completed and signed application is only an application and does not constitute a commitment on the part of SOPEC or NOPEC to extend credit. 3. The Applicant must provide an acceptable energy assessment before the financing transaction is complete. 4. The Applicant agrees to notify SOPEC immediately in writing if any of the information contained in this application becomes inaccurate or misleading in any respect. 5. As a condition of considering the application and at any time once the loan approved, SOPEC and NOPEC and their agents are granted the right to inspect the subject property. 6. If the project funding is approved, SOPEC and NOPEC may use photographs of facilities in their annual report, newsletters, presentations, websites, social media or other materials. 7. All SOPEC and NOPEC programs are offered on a nondiscrimatory basis, without regard to race, color, national origin, religion, sex, age or disability. 8. All information in this application and the attached exhibits is true and complete and to the best of Applicant’s knowledge and is submitted for review by SOPEC and NOPEC to extend financing to the business. As an authorized agent of the Applicant, I hereby submit this Project Application. I understand that any false statement in this record may subject the Applicant and signer to criminal prosecution. I understand that additional information may be required. I also understand that this document in no way constitutes a commitment of funds by NOPEC.


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