Upgrade Your Energy Efficiency for ZERO DOWN with PACE Financing
PACE financing provides upfront, fixed rate, long-term financing to commercial property owners for qualified energy upgrades. Some of the benefits for owners are:
- Loan can qualify as a Property Tax Assessment, which can in turn be a yearly operating expense (write principal & interest off)
- Eligibility based on a cash flow neutral determination
- Loan terms can be up to 20 years
- Energy efficiency for tenants and costs are allowed to be passed to tenants
- Almost any energy efficient upgrade applies. If it saves cost, it is eligible! PACE uses maintenance savings too.
- NO personal guarantees
- PACE funds can be seen as equity for rehab projects
How Energistics Helps You with PACE
We work with you to identify various components in your facility that are in need of upgrading. Based off this information, we prepare a proposal for you that will identify estimated savings and PACE payments. Once approved, we can act as your Energy General Contractor and gather bids on each selected upgrade. After we have actual pricing and exact system specs, we begin the energy engineering process. The engineering report will be used by our Lending Partner to issue you a term sheet and for loan underwriting. Once approved and the loan is funded, if we are your Energy General Contractor, we begin the installation of your energy upgrades and oversee the entire process to completion.
All of this is done without any money coming out of your pocket.
Have a Construction or Rehab Project?
PACE financing works wonderfully with new construction and rehab projects. PACE funding is typically not treated as debt and therefore is seen rather as equity going into the project. PACE financing is also usually much cheaper than investor equity. If you combine PACE with other development incentives like, Historic Tax Credits, New Market Credits, Low Income Housing Credits, and others, your projects will become much more financially feasible. You also will not have to personally guarantee these funds. PACE frees up your capital so you can do more projects.
Contact us today to learn more about PACE financing
What is PACE?
Property Assessed Clean Energy (PACE) is way to finance energy efficiency and renewable energy upgrades to buildings. Property owners evaluate measures, such as LED lighting, Heat Pumps, Solar Panels, and much more, that achieve energy savings and receive 100% financing, repaid as a property tax assessment for up to 20 years. Set The PACE St. Louis is the name for the St. Louis program which administers the program.
Why Use PACE?
- No upfront cost energy upgrades
- No personal guarantees
- Uses your savings to pay off the loan
- Off balance sheet financing
- Loan terms up to 20 years
- Almost any energy efficient measure qualifies
If an upgrade will save you costs on your utility bills, maintenance, or even insurance, it will most likely be eligible for PACE Financing!
Typical Eligible Upgrades: Solar, LED lighting, HVAC equipment & controls, insulation, cool roofs, energy efficient windows, appliances, and much more.
Our Lending Partner
We work with RAHILL Capital to acquire financing for PACE projects. They have national experience with PACE funding and together we work hard to make sure the lending and installation processes go as smoothly as possible.
We provide PACE financing services around the country as well as in the St. Louis, MO area (where we are head-quarted). Please contact us to find out if we can serve you.