Building Energy Plan

PACE offers up to $20,000 per property to create a plan for electrifying your commercial building and ditching fossil fuels for good. This does not count towards the annual PACE-wide incentive limits of $50,000 per parcel and $100,000 per applicant.

Experts will deliver a set of personalized options to save energy, cut indoor air pollution, and future-proof your property with efficiency upgrades and electric technology. Sign up today so that whenever you’re ready—or when your heating, cooling, or hot water systems need to be replaced in an emergency—you’re equipped with everything you need to make the best decision for your commercial property.

Available Incentives

100%* of costs covered for equity priority buildings
80%* of costs covered for all other buildings

*All rebates are capped at $20,000 USD per project

What is Building Electrification?

Building electrification means switching energy sources from traditional fossil fuels (like natural gas, oil, or propane) to electricity. This means using electric-powered appliances and systems for heating, cooling, cooking, and other energy-intensive applications.

Choosing all-electric appliances has many benefits including healthier indoor air quality, increased resistance to future wildfires and smoke damage, fewer maintenance concerns, reduced energy costs, and fewer greenhouse gas emissions. PACE has many programs and financial incentives to help you take the next step on your electrification journey–visit our Energy page for more information.

Why Should I Sign Up?

Participating businesses work with our PACE advisors, who collaborate with reputable engineering firms that assess your space and make recommendations for indoor air quality, energy efficiency, electrification upgrades, financial resources, and more. The resulting report is a great tool that can help you make a plan for upgrading your equipment, avoiding emergencies down the line.

Over 20 businesses across Boulder County are now working with PACE advisors to complete electrification studies. Businesses can qualify for up to 100% of cost coverage to conduct a study.

Frequently Asked Questions

Why is Building Electrification important?

The importance of building electrification stems from several environmental and energy-related considerations:

Reducing Greenhouse Gas Emissions: Electrification reduces carbon emissions, especially in regions where the electricity grid is increasingly powered by renewable energy sources (like Colorado!).
Energy Efficiency: Electric appliances and systems, such as heat pumps, are often more energy-efficient than their combustion-based counterparts, leading to lower energy consumption and operating costs over time.
Improved Indoor Air Quality: Electrification eliminates the combustion-related indoor air pollution associated with natural gas appliances, contributing to better indoor air quality and the overall health of building occupants.
Grid Flexibility: Building electrification allows for increased flexibility in managing electricity demand. With smart technologies, buildings can be integrated into demand response programs, helping balance the electricity grid and reduce peak demand.

Can I work with any contractor I want to complete this study?

PACE offers an optional list of contractors that have demonstrated interest in helping businesses complete a Building Electrification Feasibility Study and apply for funding from utility rebate programs and PACE incentives.

You may work with any vendor or contractor and are not limited to those on this list, however, to be eligible for the Building Electrification Study incentive, the study must meet the minimum criteria requirements and funds must be reserved prior to conducting the study. Reach out to your PACE advisor (or email info@pacepartners.com) to make sure you will meet the criteria.

Funding for PACE’s rebates and incentives comes from Boulder County’s Sustainability Tax and the City of Boulder’s Climate Tax. Note that rebate amounts and requirements are subject to change without notice. PACE rebates are available on a first-come, first-serve basis. Businesses are required to contact an advisor before the purchase of energy efficiency measures to confirm funding availability, ensure that your project meets the eligibility requirements, and schedule an energy assessment/walk-through of the project to verify existing equipment.