Property Assessed Clean Energy (PACE)
One of the best kept secrets in the commercial real estate industry is the Property Assessed Clean Energy program (PACE or C-PACE). What is it? This is a program that is available in 9 states (including Connecticut) with an additional 12 states in the development phase (including the rest of New England (http://pacenow.org/pace-programs/)). The PACE program offers landlord and commercial property owners financing for energy projects including solar, reflective roofing, lighting, window and HVAC upgrades. Borrowers pay the loan back via special assessments on their property taxes. It’s a great way to upgrade your property!
For more information see below:
Keep smiling!
Mark