In 2013, Arkansas passed legislation authorizing local governments to create PACE districts. The Pulaski County Energy Improvement District was created in 2015 by the Pulaski County Quorum Court to help create jobs, retain wealth and grow Pulaski County’s economy by enabling Property Assessed Clean Energy Financing. Our program, Pulaski PACE, provides commercial property owners the opportunity to realize energy and cost savings through facilities improvements and receive up to 100 percent financing, repaid as a property tax assessment for up to 20 years. The assessment mechanism has been used for decades nationwide to access low-cost and long-term capital to finance improvements that meet a public purpose.
Pulaski PACE is a valuable tool used to overcome the challenges of implementing energy efficiency and renewable energy projects in commercial, industrial and multifamily residential buildings and agricultural applications located in Pulaski County. Pulaski PACE can finance energy efficiency improvements such as insulation, windows, lighting, HVAC or roofs, water conservation improvements such as low flow fixtures and agricultural irrigation improvements and technologies that produce energy such as solar, wind and geothermal.
The three primary objectives of the Pulaski PACE program are:
- foster green jobs and boost local employment opportunities;
- reduce energy cost and promote utility savings for property owners; and
- encourage energy efficiency in buildings to reduce greenhouse gas emissions.
Pulaski PACE is administered by two third-party companies, Property Assessed Clean Energy Arkansas (PACEAR) and Arkansas Advanced Energy Equity, LLL (A2E2), that developed and administer programs for the marketing, financing and administration of projects in renewable energy generation, energy generation, energy efficiency improvement, weatherization and water conservation projects utilizing PACE financing in Pulaski County.
For more information contact either Pulaski PACE Administrator or the Pulaski County Attorney’s Office.