Business Friendly Community: Helpful Links

Property Assessed Clean Energy (PACE)

 
The Town of Palmer City Council voted on Monday, September 29, 2025 to participate in Property Assessed Clean Energy (PACE). 
 
PACE is a program with MassDevelopment that allows commercial property owners to finance energy improvements, or new construction, via special betterment assessments on their property tax bills.
 
 Benefits for Municipalities include:
  • Job creation, attract new and retain existing business, and environmental benefits associated with reducing energy consumption 
 
Benefits for Property owners include:
  • No new debt on balance sheet, no pay-off upon sale of property (assessments run to new owner), long-term financing (20-year max), no new mortgage lien
     
Benefits for Lenders/Mortgage holders include:
  • Improved cash flow and reduced credit risk from lower operating costs via financing that cannot be accelerated. Capital improvements could also increase collateral property value
 
Any questions regarding this program please contact 
Conor Glasheen, Assistant Vice President & Program Coordinator, Green Finance
Email: cglasheen@massdevelopment.com
Phone: 781-230-9504

 

Link to presentation

 

Additional Helpful Links

QVCDC Quabog Valley Community Development Corporation
Quabog Hills Chamber of Commerce Assists businesses by providing networking opportunities, trainings, and other resources to improve their knowledge & visibility in the region!
MA Business Front Door Hub to connect businesses with the State to discover relevant, helpful resources and ask questions.