Montgomery County passed Property Assessed Clean Energy (PACE) Financing for commercial buildings in March 2015. The County has partnered with Urban Ingenuity to spearhead the CivicPACE offering for nonprofits, congregations, and affordable housing and educate regional lenders about PACE financing. Meet Upasana Kaku, Senior Analyst with Urban Ingenuity, who is helping our nonprofits and lenders navigate the ins-and-outs of the County’s PACE program.
I do a lot of our project development, working with property owners and contractors to help them put together PACE projects and get the financing arranged. I love doing the hands-on work of pulling all the pieces together and getting projects across the finish line.
I was at a consulting company, working with businesses in the clean energy and energy efficiency industries and helping them enter new markets.
Urban Ingenuity administers the DC PACE program, and it’s been wonderful to see how PACE has begun helping building owners across the District (where I live) over the past couple of years.
I grew up in Montgomery County, so the opportunity to help bring CivicPACE—an amazing financing tool for nonprofits and civic institutions—to my own hometown is really exciting. Plus, I think the County has a lot of businesses that care about reducing their impact on the environment. PACE offers a way to be greener while also saving money and investing in better infrastructure.
Don’t wait too long! The PACE market in Montgomery County is booming, and the County offers early adopters of PACE additional recognition opportunities. If you have a project in mind that saves energy or water, or expands the use of renewable energy, visit the program website and see how PACE can help get your project off the ground.
We’re excited to see Montgomery County take such a leadership role in bringing PACE into Maryland, and look forward to finding opportunities for collaboration across the DC, Montgomery County, and other to-be-established PACE programs to create a broader regional market for the DMV, and make life easier for property owners and contractors who want to use PACE across projects in DC, MD, and VA.
Cook elaborate meals, binge-watch Netflix, and explore the parks and breweries of DC and Maryland.
Dedicated, cheerful, welcoming.
Montgomery County (specifically, the house where I grew up in Silver Spring, and where my parents and our now very-old dog still live) is definitely the place I visit most often! But since that’s off the table, I’ll say anywhere I get to see friends or family.
This is our fifth post in our “Meet the People of PACE” series [previous posts introduce Jessica, Drew, John, and Gerard]. To learn more about the County’s Commercial PACE Program, visit our website or sign-up for DEP’s Benchmarking/Commercial News.