EUROPACE

Summary (English): The project aims to create a scalable financing mechanism, inspired by the successful US PACE scheme, to promote the adoption of energy-saving and generation technologies in European households. EuroPACE will tackle key challenges in energy efficiency investment by (1) Introducing a Market-Based Approach: Private capital will provide upfront financing to homeowners, reducing dependence on grants and subsidies; (2) Mitigating Investment Risks: Long-term repayment obligations will be linked to properties rather than owners, with municipalities collecting repayments via a special levy added to property tax bills.

Ongoing? ✗ - No, completed.

Coordinator: Centrum Analiz Społeczno-Ekonomicznych, Poland

Project scope: EU

EU programme: Horizon 2020

Countries Involved:

Belgium
Finland
Italy
Poland
Spain
United Kingdom

Key Topics:

Financing schemes
Standardized documentation
Tax incentives
Technical assistance

Key Beneficiaries:

Citizens

Relevance to SMAFIN Expanded: Innovative financing schemes, homeowners, multi-apartment buildings

External link: Click here for more.