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Published byPearl Henry Modified over 9 years ago
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CPACE Financing How to finance your next renewable energy project
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CPACE Commercial Property Assessed Clean Energy City or county creates voluntary assessment district Proceeds from municipal bond pay for energy upgrades Loan is paid back through a separate assessment on property tax bill
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Benefits of CPACE No money down 100% financing Low rates Long term financing for up to 20 years Loan does not show up as a debt on your balance sheet PACE lien remains with the property at sale of building Typical building lease allows for pass through of payments to tenants (tenants benefit from reduced energy expense) Property qualified financing; not credit based
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Eligible Projects Solar Photovoltaic Systems Energy Efficient Lighting EV Charging Stations HVAC Boilers and Chillers Fuel Cells Windows & Exterior Doors Energy Management Systems Solar Reflective (cool) Roof
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