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Local Option - Special Improvement Districts

Eligibility 
Commercial
Industrial
Residential
Multifamily Residential
Savings Category 
Solar Water Heat
Solar Space Heat
Geothermal Electric
Solar Thermal Electric
Solar Thermal Process Heat
Solar Photovoltaics
Wind (All)
Biomass
Hydroelectric
Geothermal Heat Pumps
Solar Pool Heating
Yes; specific technologies not identified
Wind (Small)
Hydroelectric (Small)
Program Info
Sector Name 
State
Administrator 
Programs administered locally
State 
Nevada
Program Type 
PACE Financing
Summary 
Note:  In 2010, the Federal Housing Finance Agency (FHFA), which has authority over mortgage underwriters Fannie Mae and Freddie Mac, directed these enterprises against purchasing mortgages of homes with a PACE lien due to its senior status above a mortgage. Most residential PACE activity subsided following this directive; however, some residential PACE programs are now operating with loan loss reserve funds, appropriate disclosures, or other protections meant to address FHFA's concerns. Commercial PACE programs were not directly affected by FHFA’s actions, as Fannie Mae and Freddie Mac do not underwrite commercial mortgages. Visit PACENow for more information about PACE financing and a comprehensive list of all PACE programs across the country.


Property-Assessed Clean Energy (PACE) financing effectively allows property owners to borrow money to pay for energy improvements. The amount borrowed is typically repaid via a special assessment on the property over a period of years. Nevada has authorized certain local governments to establish such programs, as described below. (Not all local governments in Nevada offer PACE financing; contact your local government to find out if it has established a PACE financing program.)

Existing Nevada law authorizes cities and counties to create special financing districts for a variety of projects that "serve a public use and will promote the health, safety, prosperity, security and general welfare of the inhabitants thereof and of the State of Nevada." The legislation enacted in May 2009 (S.B. 358) added renewable energy and energy efficient technologies to the list of projects eligible for special financing districts.