As part of Energy Upgrade California, owners of non-residential commercial properties in Los Angeles County have access to an innovative financing mechanism to fund up to 100% of the cost of building performance upgrades—Property Assessed Clean Energy (or PACE) financing.
Investment in energy and water efficiency is an intelligent business decision. Building performance upgrades bring multiple benefits:
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Lower operating costs
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Improve occupants’ comfort
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Hedge against utility price increases
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Reduce negative exposure to possible regulation
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Help the environment
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Boost property values
Why PACE?
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Funding for up to 100% of installed project costs
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Lower financing rates than other products in the market
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Longer financing terms than would otherwise be possible
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Enables projects to be cash flow positive in Year 1
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May allow for favorable accounting treatment
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Allows for equitable sharing of costs and savings with current tenants, and future owners
What is PACE Financing?
- For Property Owners
- For Mortgage Lenders
- For PACE Investors
- For Energy Contractors
- Documentation Overview
- Application Materials
- Performance Tracking
- Energy Aligned Leases
- Tenant Involvement
- Tax Incentives
For more information visit http://www.cleanfund.com/
