Simple Idea

PACE (Property Assessed Clean Energy) is a simple and effective solution to finance energy efficiency, building resiliency, renewable energy, and water conservation upgrades to commercial and industrial properties. PACE can pay for new heating and cooling systems, lighting improvements, solar systems, water pumps, insulation, and much more for almost any property – commercial, industrial, non-profit, agricultural, etc.

Adds Value

Propery owners across the US are using BAM and PACE financing because it saves them money and makes their buildings more valuable. PACE pays for 100% of a project’s costs and is repaid for up to 30 years with an assessment added to the property’s tax bill. PACE financing stays with the building upon sale and is easy to share with tenants. State and local governments sponsor PACE financing to create jobs, promote economic development, and protect the environment.

PACE is the Solution

PACE overcomes challenges that have hindered adoption of energy efficiency and related projects in our nation’s buildings. PACE financing solves the upfront cost barrier by providing 100% financing for project costs. Long term repayment of up to 20 years makes longer payback projects immediately cash flow positive and buildings more valuable.

Benefits of PACE

SAVES MONEY – Property owners are more focused today than ever before on energy and water conservation. PACE helps them save money by lowering energy costs. Long term pay back makes PACE funded projects immediately cash flow positive.

CREATES LOCAL JOBS – PACE funded projects create more jobs and economic activity. According to the study by ECONorthwest, every $1 million in project spending results in 15 new jobs and $2.5M in economic output.

HELPS THE ENVIRONMENT – PACE helps communities achieve important energy and water conservation goals. Efficiency projects upgrade old equipment which reduces energy use, while renewables replace fossil fuels and reduce greenhouse gas emissions.

Eligibility

Eligible Properties

Almost any building is eligible for PACE financing, including offices, multi-family, hotels, restaurants, shopping centers and other retail properties, non-profits, warehouses, garages, industrial, agriculture, etc.

Eligible Improvements

Energy efficiency and energy generation improvements and, in some states, water conservation and hurricane hardening, all qualify for PACE financing. Some eligible improvements include: LED lighting, roofing, solar panels, insulation, HVAC (heating, ventilation, air conditioning), water conservation improvements, motors, etc.

Eligibility may vary by state and municipality.

Commercial PACE

Momentum is building across the U.S. for commercial PACE programs that drive energy efficiency, renewable energy, and in some places, water conservation measures. Real estate owners choose PACE financing because it:

Covers 100% up front financing, including project development costs
Provides long-term funding and results in immediate benefit to cash flow
Stays with the building upon sale
Solves split incentives by passing payments to tenants
Increases building value and marketability
Offers a range of accounting treatments.

Contact BAM

Contact BAM for more information: jimi@bamsuperiorsolutions.com, 480.580.5980