Simple Idea

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

Adds Value

Property 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 20 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 2011 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 homes, 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.

Residential PACE

Energy efficiency is the least expensive energy we can buy. Homeowners are using PACE to upgrade heating and air conditioning systems, and improve insulation and weather sealing. PACE in an effective financing tool because it:

  • Covers 100% of  a home upgrade project
  • Results in savings from day one
  • Stays with the property  upon sale
  • Helps lower electric, gas and water utility bills
  • Results in more comfortable buildings and improved indoor air quality
  • Lowers carbon footprint and improves the environment

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 for additional finance options (loans, PPA, etc.).

Contact BAM for more information and to schedule a consultation:  info@bamsuperiorsolutions.com | 602.456.1441