What can be financed with PACE?
Almost any improvement to an existing commercial building can be financed through PACE, because many improvements already have an energy efficiency or renewable energy component to them. Think about that new LED lighting you wanted to install, or the energy-saving windows or insulation. As long as the upgrade is not merely cosmetic, PACE financing may be able to finance the project.
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Commercial properties that make cents.
It is a competitive market. Whether you are leasing space or selling your property it is no longer “good enough” to have the right location and the right product. In order to attract the best tenants or get the highest price you need to insure that your property is operated in the most
efficient manner. You want to make your facility more energy efficient. You know that energy efficiency measures will bring down your operating expenses and increase your bottom line, but can’t justify allocating the equity dollars. You want to preserve your capital for growing your business, and this can mean foregoing attractive energy efficiency investments and maximizing the value of the properties in your current portfolio.
You don't have to choose between growing your business and improving the value of your existing properties anymore. SFA's PACE financing allows property owners like you to upgrade their buildings, fitting them with the most water and energy efficient technology without spending a penny out of pocket.
PACE allows you to finance the entire cost of the project through a line-item added to your property tax assessment. Energy savings from the project allow you to pay the assessment.