PACE eliminates the financing obstacle preventing many energy efficiency upgrades from going forward. In addition to reducing operating expenses, most energy efficiency upgrades include the heating, ventilating and air conditioning (HVAC) system as well as lighting-major contributors to building occupant comfort.
For leased space, a more comfortable environment helps tenant acquisition and retention resulting in higher occupancy and lease rates. And, for many owners, it’s the “ancillary” financing benefits that are key. This is especially true for businesses where environmental comfort levels impact revenue. In many cases they far outweigh the bottom line effect of reduced operating expenses.
If you have any questions about PACE, or would like to determine if a potential project qualifies for this unique financing option, just send an e-mail to firstname.lastname@example.org and we will get the answers.