Benefits

BENEFITS OF PACE

  • Long term financing (typically up to 20 years)
  • Fixed rate/financing
  • Non-recourse to property owner
  • Third party costs included in financing
  • Automatic transfer of assessment upon sale to new owner
  • Energy and water efficient asset
  • PACE payments do not accelerate at building transfer or default
  • Pay for capital projects
  • Cash flows from savings exceed annual costs
  • Potential pass-throughs to tenants
  • Off-balance sheet treatment

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