Financing Better Retrofits

Slides:



Advertisements
Similar presentations
Pay-As-You-Save (PAYS®) March 8, 2005 Paul A. Cillo Harlan Lachman Energy Efficiency Institute, Inc.
Advertisements

Low Cost, High Innovation Efficiency in the Built Environment Brandon Fletcher, CFA Co-Founder Green Analytics.
New York Life Building 20 West Ninth Street Mike Thome Hoss & Brown.
FLORIDA PACE FUNDING AGENCY Delivered by SAIC. FloridaPACE.gov 2 FLORIDA PACE FUNDING AGENCY Delivered by SAIC What is PACE? –Property Assessed Clean.
COMMERCIAL LEASING 101 Cheryl W. Hamm, CCIM, GRI.
Property Assessed Clean Energy (PACE) Financing. What is PACE Energy Efficiency and Renewable Energy Financing Private sector buildings Put in place by.
Overview of PACE in Missouri Columbia, Missouri March 31 st, 2011.
Energy Square 1111 “O” Street, Suite 223 Lincoln, Nebraska Website: Phone:
Green Rentals, Green Jobs, Green Finance October 16, 2014 SAN DIEGO HOUSING FEDERATION.
Figtree PACE Financing 100% financing for solar, HVAC, roofing,, windows, lighting, and more September 2014 No Money Down | Fixed Low Interest Rates Easy.
How to Hit a Homerun Saving Energy and Updating Facilities Presented by Shirley McNutt.
ENERGY STAR for Homes Manufactured Housing Enterprises, Inc Bryan, Ohio.
Overview of Property Assessed Clean Energy (PACE) Program San Antonio Office of Environmental Policy December 16, 2009.
BROWARD COUNTY GO SOLARFEST ACCESSING AFFORDABLE SOLAR FINANCING THROUGH PACE.
Economic Realities for Sustainable Real Estate Green Retrofit Lending 34 th Annual Real Estate & Economics Symposium Fisher Center for Real Estate & Urban.
Clean Energy Solutions & Financing
Tax Credits & Financing for Energy Efficiency & Renewable Energy Projects Presented by: The Morgantown Green Team.
Greening Affordable Housing on a Budget or Where There's a Will, There's a Way.
Finance Options Residential Commercial Gov’t and NonProfit Control where your customers get financing and maintain control over your sale.
Financing Rural Economic Development James Hamill Principal Bridge Strategic Partners 1700 N. Broadway, Suite 405 Walnut Creek, California
Presented By: Matt Bell Partner, Viridian. Buildings and the Environment Buildings account for 36% of greenhouse gas emissions Buildings account for 72%
OFFERED IN PARTNERSHIP BETWEEN GOLDEN STATE FINANCE AUTHORITY (GSFA) + YGRENE ENERGY FUND (YEF)
RAFAEL PEREZ, REGIONAL MANAGER CLEAN ENERGY GREEN CORRIDOR.
PACE APPLICATION PROCESS HOW TO PUT TOGETHER A PACE PROJECT.
Foothill College & Space Science Center Bill Kelly Viron Energy Services (510) ext 13,
Provided by: Training Module: Energy Improvement Loans CDFI Deal Examples This training contains general information only and Deloitte is not, by means.
Pay As You Save® (PAYS®) March 21, 2006 Fred Zalcman Pace Energy Project Paul A. Cillo Energy Efficiency Institute, Inc.
PACE FINANCING UPGRADE YOUR BUILDING AND IMPROVE YOUR BOTTOM LINE.
Kansas Housing Resources Corporation Kansas Energy Efficiency Program.
Alternative Financing for Energy Efficiency Eddy Trevino Matt Golden – – Investor Confidence Project Josh Briggs – QECBs Michael Flores – High Performance.
Energy Efficiency Financing October 15, About Virginia Community Capital  Founded in 2006, then Governor Mark Warner privatized $15M state loan.
Self-Directed Energy Contracting Saving Your Buildings and Your Money.
Facilities Track. Stories from around the Archdiocese of Cincinnati.
Week 6 The Energy Walk Through. Possible elements of a walk through Understand on-site information collection and listing of essential data for collection.
Session 14 & 15 Lab Exercises. Assessing and working with data in the model – Instructor’s presentation What are the top five areas of focus for applying.
CPACE Financing How to finance your next renewable energy project.
The Dominican Republic What can NSG do for You? 2014 Native Sun Group, Inc Meadowgrass Dr, Suite 101 Colorado Springs, CO Office: (719)
Commercial PACE Project Development Presenter: Mike Bahr CEO ReNewAll PACE Nation Summit March 1, 2016.
Sustainability Summit – April 12, 2016 Beau Engman 825 North Jefferson, Suite 300 Milwaukee, WI 53202
Financing energy, water, and infrastructure upgrades.
Energy Conservation What are the Society’s Conservation Goals: GOAL #1: 20% Portfolio Energy Reduction by 2020 GOAL #2: 20% Portfolio Water Reduction by.
Commercial Energy Assessments City of Ames Emily Rice The Energy Group.
Clean Energy Assessment Districts – Property Assessed Clean Energy (PACE) in Vermont Peter Adamczyk Energy Finance and Development Manager.
CUTTING EDGE ENERGY PRACTICES FOR THE CORPORATE END USER December 8, Park Avenue New York, New York.
Josh Campbell, JD What is PACE? PACE is Property Assessed Clean Energy. PACE is an innovative.
Energy Solutions for Business Owners Presented by: [Put your name here] Welcome to... Your Logo Here.
Harness the Power of your Operating Budget to Enhance your Learning Environment MASBO Winer Conference – Jackson, MS.
Property Assessed Clean Energy
Understanding and Influencing Consumer Behaviour
PACE Financing Property Assessed Clean Energy
Capital Project Needs Assessment
IREM® Fall Conference San diego, Ca 10/21/2016.
Property Assessed Clean Energy (PACE)
Sustainability Business Case with FUNDING assistance
The ESCO Retrofit Model Financing energy efficient HVAC improvements through ESCOs Stephane le Gentil - November 2017.
Smart Rehab for MF Properties at No Cost
Environmental Upgrade Agreements
PACE: Ideal Commercial Solar Financing
Specialized Property Inspection Services
EPAD-Louisville 101 EPAD-Louisville 101 Making Cent$ of Energy
PACE FINANCING   PACE FOR MULTIFAMILY HOUSING.
MAKING CENTS OF ENERGY Aggregation Model and Cost Segregation Bobby Clark, Co-founder Midwest Clean Energy Enterprise, LLC July 26, 2017.
C-PACE CASE STUDIES.
Energy and Sustainability Division Resources and Services
The Asset Management Journey for Building Assets
BROWARD COUNTY GO SOLARFEST
Property Assessed Clean Energy (PACE)
Innovative Financing Tools for Cleaner-Burning Appliances March 2009 Amanda Aldridge,
USDA Rural Development: Financing Energy Projects
Proposed by the District of Columbia May 2010 presentation to WCOG
Presentation transcript:

Financing Better Retrofits Hello! My name is Will Clark, I’m the VP of Originations at CleanFund. Today I’m going to speak about Financing Better Retrofits by using C-PACE.

Commercial-Property Assessed Capital Expenditures C-PACE Commercial-Property Assessed Capital Expenditures C-PACE stands for Commercial Property Assessed Capital Expenditures. It’s a form of voluntary finance that provides capital for property owners to make their buildings more energy efficient. Unlike performance contracting or equipment leases, C-PACE is system agnostic — use the best product for the project.

C-PACE: What’s it good for? C-PACE is a voluntary form of financing that is repaid through an assessment, collected with property taxes. In order to use that powerful collection method, C-PACE must show that the financed improvements provide a public benefit. This graphic shows just a few of the types of energy efficiency improvements that can provide a public benefit. It’s a long list. What you don’t see are aesthetic changes or improvements that do not affect building performance. Those types of changes do not provide a broader benefit to the public by reducing energy use, improving resiliency, or lowering dependence on off-site generated power. But everything else is possible. Essentially, anything that makes a building better, can be financed with C-PACE. If you want a different source of energy, that can be financed. If you want to improve building performance, that can be financed. If you want to reduce the potential effects of weather – hurricane proofing, flood inundation, things that make for a boring ribbon cutting, C-PACE can be used to build it. At CleanFund, we’ve financed everything on this list.

C-PACE: How much? Multiple systems covered Long Payment Periods (20-30 years) Can provide 100% of construction costs Generally 20% loan to as-complete value Underwrite the property, not the owner Payments can be passed through Financing transfers upon property sale Works with all other forms of finance C-PACE is ideal for multi-system upgrades that improve the efficiency of the entire building, not just one or two pieces of equipment. Because each of those improvements have a different payback period, the long payback period of C-PACE enables property owners to amortize those costs over twenty to thirty year terms. So if you want to install a new roof mounted HVAC, we can utilize C-PACE to install new windows, improve weatherization, replace the roof, and install a correctly-sized HVAC. Importantly, C-PACE works with all other forms of finance like bank debt, historic tax credits, or public bonds.

And now… Case Studies

Beach Blvd. Medical Pavilion Medical Office Building Huntington Beach, CA New construction of a two-story, 44,500 sf MOB; assessment passed through to tenants HVAC, cool roofing system, glazing, conveying, and electrical upgrades $2,500,000 — 20 Year Term

Room 214 $296,250 — 15 Year Term Owner-Occupied Office Boulder, CO Gut rehab of an owner-occupied 1980s suburban office building. LED lighting, HVAC, roof replacement, rooftop solar, EV charging $296,250 — 15 Year Term

Brookfield Building $2,300,000 — 20 Year Term Brookfield Building Kansas City, MO Adaptive reuse of an historic structure financed with NMTC, HTC, bank debt LED lighting, temperature controls, HVAC, water heating upgrades $2,300,000 — 20 Year Term

Butler Brothers Building Dallas, TX Conversion of 510,000sf 1910 warehouse into downtown apartments, 274-key hotel, and retail HVAC, lighting, insulation, roofing, glazing, water saving plumbing $24,000,000 — 20 Year Term

Will Clark, VP of Originations C-PACE for Retrofits Will Clark, VP of Originations www.cleanfund.com