We can offer PACE loans
Property-assessed clean energy (PACE) financing is a way to fund energy efficiency upgrades in the U.S. It covers disaster resiliency improvements and water conservation measures. Plus, it supports renewable energy installations for homes, businesses, and industrial properties. Depending on state laws, PACE can also finance building envelope improvements like insulation and air sealing. It includes cool roofs, water efficiency products, seismic retrofits, and hurricane preparedness measures. This makes it easier for property owners to invest in green living and sustainable practices.</p><h1 dir="ltr">New Construction of PACE</h1><p dir="ltr">In some states, commercial PACE financing can also help fund new construction projects. This is possible if the building owner agrees to exceed the local energy code.</p><p dir="ltr">Energy efficiency and renewable energy upgrades can include adding more attic insulation or installing rooftop solar panels. For residential projects, and for commercial projects, upgrades like chillers, boilers, LED lighting, and roofing are common. In areas with PACE legislation, governments offer specific bonds to investors. In the open-market model, private lenders provide financing to building owners for energy retrofits.</p><p dir="ltr">The loans are repaid over a term of 5 to 25 years through an annual assessment on the property tax bill.</p><p dir="ltr">This makes it easier for building owners to invest in green upgrades, helping the environment and saving money in the long run.</p>
<img width="200" height="250" src="https://greenlivingguy.com/wp-content/uploads/2012/04/3126ssmzhukovamain.jpg" alt="UC Merced is being built green from the ground up, with a deep commitment to sustainability in all forms, from landscaping and water to recycling and energy efficiency." srcset="https://greenlivingguy.com/wp-content/uploads/2012/04/3126ssmzhukovamain.jpg 200w, https://greenlivingguy.com/wp-content/uploads/2012/04/elementor/thumbs/3126ssmzhukovamain.jpg 1200w" sizes="(max-width: 200px) 100vw, 200px" />
<p>Also, PACE bonds can be issued by local financing districts, state agencies, or finance companies. The funds can be used to upgrade both commercial and residential properties. A key feature of PACE programs is that the loan is tied to the property, not the person. So, a PACE loan is considered nonrecourse to the borrower.</p>
<h2>PACE can also be used for leases and power purchase agreements (PPAs)</h2>
<p>PACE programs help home and also business owners pay for the upfront costs of green initiatives. For that's such as <a title="Solar panels" href="https://en.wikipedia.org/wiki/Solar_panels">solar panels</a>. All which the property owner thereby get a pay back. That's all by increasing <a title="Property tax" href="https://en.wikipedia.org/wiki/Property_tax">property taxes</a> by a set rate. Moreover for an agreed-upon term ranging from 5–25 years. This allows property owners to begin saving on <a title="Energy" href="https://en.wikipedia.org/wiki/Energy">energy</a> costs while they are paying for their <a title="Solar panels" href="https://en.wikipedia.org/wiki/Solar_panels">solar panels</a>. This usually means that property owners have net gains even with increased property tax.</p><ol><li><a href="https://www.nyserda.ny.gov/-/media/Project/Nyserda/Files/Programs/Clean-Energy-Communities/fact-sheets/pace.pdf">Fact Sheet [PDF]</a><br />This fact sheet provides a brief description of the PACE Financing high-impact action along with the benefits communities can expect to achieve. </li><li><a href="https://www.eicpace.org/" target="_blank" rel="noopener">Energy Improvement Corporation Website</a><br />Energy Improvement Corporation is a New York State non-profit, local development corporation that operates EIC OPEN C-PACE for the benefit of its member municipalities, which include counties and cities across New York State, as well as towns in Westchester County.</li></ol><figure><img src="https://greenlivingguy.com/wp-content/uploads/2014/02/image1.jpg" alt="energy Financing" width="259" height="193" /></figure><h3> </h3><h3> </h3>
<h2>This is the Way
Especially to continue supporting cities toward we will focus on key areas including:
Saving Energy – We helped the Village of Ossining go LED. Also, saved taxpayers one year with a 0% tax levy. Plus kept costs fixed and more predictable.
Maintenance – The LED bulbs usually last 20 plus years. So the maintenance costs on lighting significantly decreases. Especially versus fluorescent or incandescent.
Global Consultation
This consulting side does ongoing consultations to identify and also address remaining barriers to scale-up. We switched the High bay lighting to LED in this gym for a High School.
Especially even home installations.
One of the Green Living Guy consulting customers was MSi Lighting. They helped Macy’s save hundreds of millions of dollars by switching to LED. Them they helped Abercrombie and Fitch and others.
New Models of Pace
Program to explore new financing models. As well as to manage the risk of investment for LED infrastructure projects.
That’s also in cities and rural locations. Because if one of my clients can get Nine West can go LED lighting, so can you.
Not sure what you need, or what it costs?
We can explain what services are right for you and tell you more about our fees.
LED Lighting Consulting
To continue supporting cities toward we will focus on key areas including: Global Consultation: Ongoing consultation to identify and also address remaining barriers to scale-up.
We switched the High bay lighting to LED in this gym for a High School.
A knowledge base: Also a growing database of LED-related information and materials. New financing: Program to explore new financing models. As well as to manage the risk of investment for LED infrastructure projects.
The adoption by utilities: Program to identify opportunities and supporting policies. Therefore to promote energy efficient LED lighting by utilities Off-grid lighting: Project to also explore opportunities for off-grid LED lighting solutions.
That’s moreover in cities and also rural locations. Because if one of my clients can get Nine West can go LED lighting, so can you!!!
