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Partner Training Video Quiz
Partner Training Video Quiz
Which of the following is not a benefit of PACE?
(Required)
Local governments get a free economic development tool
Property owners get 100% upfront financing and a fixed interest rate
PACE lenders get the security of a property lien created by the special assessment
Provides grants for improvements
PACE loans differ from a typical morgage becasue the security is a special assessment against the property
(Required)
True
False
Lean & Green Michigan screens projects to connect property owners with lenders and contractors, and administers the program on behalf of the member jurisdictions
(Required)
True
False
Which of the following qualify as PACE projects?
(Required)
Retrofits
Gut rehabs
New construction
All of the above
Which of the following property types qualify for PACE?
(Required)
Multifamily housing: 4 units and above
Residential
Government building
100% mortgaged property
Which of the following does NOT qualify for PACE?
(Required)
LED lighting
Low flow toilets
Solar panels
Furniture
Protecting your property from severe weather could qualify for environmental hazard PACE
(Required)
True
False
Lead mitigation could qualify for environmental hazard PACE
(Required)
True
False
You can blend your environmental hazard project with an energy efficiency project
(Required)
True
False
It's a good idea to get PACE loan quotes from several lenders and compare rates
(Required)
True
False
A community bank or credit union can be a PACE lender
(Required)
True
False
PACE Express is available for projects $250,000 or less
(Required)
True
False
PACE cannot be used with incentives, rebates, or tax credits
(Required)
True
False
Commercial buildings need to be located in a PACE district to access PACE
(Required)
True
False
Which is not a step for a jurisdiction to enable PACE and join Lean & Green Michigan?
(Required)
Pass a “Resolution of Intent”
Hold a public hearing
Pass a “Resolution to Establish”
Create extensive documents
Registering as a PACE contractor can generate project leads?
(Required)
True
False
PACE financing can cover costs of eligible improvements up to 25% of the property value
(Required)
True
False
PACE projects without a clear plan have a better chance of being financed
(Required)
True
False
The Savings to Investment Ratio and Savings Guarantee is:
(Required)
Waivable by the property owner
Not applicable to new construction
Required for all projects
During the initial energy audit or model, the PACE contractor may
(Required)
Visit the property
Review historical utility bills
Make suggestions for addressing current problems
All of the above
An ASHRAE Level I energy audit is sufficient for projects $250,000 or under
(Required)
True
False
An energy audit is-
(Required)
Not required for a PACE project
Always able to be waived by the property owner
Required for every PACE project
Only required for PACE projects above $3 millions
An energy audit or model is an eligible cost and can be financed as part of the loan
(Required)
True
False
A savings guarantee is required for all projects $250K and under
(Required)
True
False
A savings guarantee is not required for new construction
(Required)
True
False
An Installation verification letter is required upon completion of the PACE project
(Required)
True
False
Contractor's Name
(Required)
Contractor's Email
(Required)
Does your property or project qualify?
Check Eligibility
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