Property Assessed Clean Energy (PACE) & Energy Special Improvement District « Back to Search Results
Property Assessed Clean Energy (PACE) & Energy Special Improvement District

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PACE financing is a tool that allows property owners to finance the costs of energy efficiency and renewable energy improvements through special assessments on their real property tax bills. Benefits can include:

Investment with zero up-front cash required from the property owner

  • Special assessments are used to secure financing to fund improvements without requiring the property owner to take on debt
  • Long-term, fixed-rate financing at favorable rates are generally available
  • Energy savings resulting from improvements often fully offset the special assessment

The City of Middletown’s Energy Special Improvement District a special improvement district organized under Ohio Revised Code Chapter 1710.  The ESID is governed by a Board of Trustees of a nonprofit corporation. The board meets as needed to review and approve all Middletown PACE projects.

Current Board Members as of 2/2/21:

  • Susan Cohen (Member Appointee) Administrative Services Director City of Middletown
  • Ashley Combs (Member Appointee) Planning Director City of Middletown
  • Matt Eisenbraun (Member Appointee) Assistant Economic Development Director City of Middletown
  • Chris Xeil Lyons (City of Middletown Municipal Executive or Designee) Economic Development Director City of Middletown
  • City Council Representative, vacant

Contacts

Chris Xeil Lyons
Economic Development Director
Phone: (513) 425-7847
chrisxeill@cityofmiddletown.org