Lorain County Offers Up to 100% Financing for Business Energy Upgrades

The Lorain Port and Finance Authority's PACE program provides fixed-rate loans for solar, HVAC, and other efficiency projects.

Apr. 2, 2026 at 7:37pm

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A photorealistic studio photograph featuring a solar panel, a programmable thermostat, and insulation materials arranged elegantly on a clean, white background, conceptually representing the energy-efficient building upgrades that can be financed through the Lorain Port and Finance Authority's PACE program.A photographic still life showcasing the tools of energy-efficient building upgrades, reflecting the financing options available to Lorain County businesses and organizations.Lorain Today

The Lorain Port and Finance Authority is promoting its Property Assessed Clean Energy (PACE) program, which offers fixed-rate loans ranging from $100,000 to $500,000 to help business owners, nonprofits, and government agencies in Lorain County finance energy-efficient upgrades such as solar, HVAC, roofing, and insulation. The PACE program can cover up to 100% of eligible project costs and has repayment terms between 5 and 20 years.

Why it matters

The PACE program aims to encourage investment in energy efficiency and renewable energy projects by providing accessible financing options for businesses and organizations in Lorain County. This can help reduce long-term operating costs through energy savings, while also supporting the community's sustainability goals.

The details

The Lorain Port and Finance Authority's PACE program allows property owners to finance a variety of energy-related upgrades, including heating and cooling systems, roofing, insulation, windows, doors, and renewable energy installations like solar and geothermal. The financing is repaid through special assessments added to the property tax bill rather than a traditional loan structure. PACE can cover up to 100% of eligible project costs with fixed-rate financing between 2.5% and 4% interest.

  • The Lorain Port and Finance Authority is promoting the PACE program during National Financial Literacy Month in April 2026.

The players

Lorain Port and Finance Authority

A local government agency that provides financing and economic development programs to support businesses and organizations in Lorain County, Ohio.

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What’s next

The Lorain Port and Finance Authority encourages interested business owners, nonprofits, and government agencies to contact them to learn more about the PACE program and other financing options.

The takeaway

The Lorain Port and Finance Authority's PACE program offers a unique financing solution to help businesses and organizations in the county invest in energy-efficient upgrades and renewable energy projects, reducing long-term operating costs and supporting local sustainability efforts.