Property-Linked Finance for Europe’s Building Renovation Revolution
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NEW-PACE launches to unlock innovative financing for energy renovation
About PACE
Across Europe, millions of homes and commercial buildings need energy renovations to cut emissions, reduce costs, and improve comfort. and are the largest energy consumers and carbon emitters on the continent. Yet upfront expenses often stop owners from taking action.
The Property-Linked Annuity Canon (PACE) model is a simple but transformative idea:
100% financing for renovation costs upfront
Repayments linked to the property, not the owner
Transferable obligations when the property is sold
Compatible with mortgages, rental properties, and multi-owner buildings
For owners, this means no big upfront payments. For investors, it provides secure, long-term repayment tied to the property asset itself.
Access the latest project deliverables
The NEW-PACE project has received funding from the LIFE Programme of the European Union under grant agreement No. 101215615.
Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Climate, Infrastructure and Environment Executive Agency (CINEA). Neither the European Union nor the granting authority can be held responsible for them.