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How C-PACE Financing Can Transform Your Healthcare Facility
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What Is PACE?
While practices such as conserving energy and water can benefit the environment and reduce your utility costs, major upgrades like solar panels or drought-resistant landscaping can impact your budget. A Property Assessed Clean Energy (PACE) loan is a viable option for funding that makes affording long-term loans accessible for many property owners. Click the video below to learn more:
PACE is a financing option for clean energy projects in which the property owner will repay the borrowed funds with their property taxes. If the property owner has not completed payments before they move to another property, the loan becomes the responsibility of the new property owner.
Receiving approval for a PACE loan depends on the equity of the property undergoing the project. Since the property’s equity will also serve as collateral, the property owner’s credit score does not play as large a role in the approval process compared to traditional financing.
Key Components of PACE Funding
- Local government enabled voluntary tax, attached to the property
- Classified as a Property Assessment vs a Loan
- Low interest rates, long terms, on poor credits
- Funds Turnkey Projects that realize OPEX savings
- Enables Large-Scale Energy Savings Initiatives
- Overcomes Procurement Hurdles
- Capital Availability
- Technology Risk
- Internal Resources
PACE Financing Consultants
Our PACE financing consultants will assist you throughout the application process. Our expert team will work to find a cost-effective solution that delivers the most value for your green energy project. With our more than two decades in PACE consulting, you can trust our team to deliver results that provide the most value.
How it works
- Step 1: SIQ works with you to develop a customized solution.
- Step 2: SIQ coordinates C-PACE approval and funding for the project.
- Step 3: SIQ implements the approved project, creating a more energy efficient and healthy facility.
- Step 4: Project outcomes decrease your facility’s carbon footprint, address deferred maintenance, and increase your facility’s value.
