Alternative financing mechanisms to promote energy efficiency and the rehabilitation of buildings in Spain: The PACE contribution as a new category of prestación patrimonial pública no tributaria

Abstract

The ambitious objectives assumed in terms of sustainability require a wave of renovation of the real estate park. However, the public incentives developed to date seem insufficient, which is why alternative financing mechanisms have begun to be developed, among which Property Assessed Clean Energy (PACE) stands out.

The objective of this paper is to analyze the main characteristics of the PACE program and to examine its possible introduction into our legal system, paying special attention to the legal nature of the required contribution, its collection procedure and the legal guarantees in case of non-payment.