PACE – A Groundbreaking Method of Financing Building Improvement & Energy Efficiency Projects
With 5.6 million buildings 50 years or older and technologies over 30 years old, why do 98% of property improvement projects go unfunded? Traditional industrial barriers; lack of capital, poor ROI, and long payback periods. These no longer have to be barriers! Property Assessed Clean Energy (PACE), is an innovative method of funding building improvement and energy efficiency projects. Adopted by 32 states, this paradigm shift in funding allows building owners to utilize a property tax assessment to secure financing. PACE, a non-recourse, fixed rate, and long-term method of financing, can projects while improving a company’s bottom line.
1. Understand what PACE financing is, where it is available and the value to property owners
2. Understand what property improvement projects will qualify for PACE financing
3. Learn key due diligence points and understand the process for applying and being approved for funding
4. Understand how the PACE program overcomes traditional barriers through a case study and financial model presented