PACE Financing
Through PACE financing, Ameresco helps property owners upgrade to energy efficient infrastructure. With PACE financing, modern, efficient, lower-maintenance HVAC systems, building controls and LED lighting retrofits are within reach without the burden of separate energy infrastructure contracts.
Set the PACE is a program that uses PACE (Property Assessed Clean Energy) financing to help commercial, industrial, and public housing property owners access affordable, long-term financing for smart energy upgrades to their buildings. PACE financing is designed to encourage the installation of energy efficiency measures by helping property owners overcome the barrier of high up-front energy equipment and installation costs. PACE financing allows building owners to finance qualifying energy efficiency and clean energy improvements through a voluntary tax assessment. Property owners pay for the improvements over time and the repayment obligation transfers automatically to the next owner if the property is sold.
Benefits of PACE financing:
- Low up-front investment
- Long-term financing
- Immediate positive cash flow
- Low interests rates
- Financing stays with the property upon sale
- Ability to pass payments through to tenants
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PACE Financing Solutions by Ameresco
If you own a building, up to 100% of the costs for energy efficiency and renewable energy upgrades could be paid over 25 years without up-front capital and off the balance sheet. Let Ameresco help you take advantage of PACE financing to modernize your facilities.
