Lower Your Energy Bill With No Money Down

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Connecticut

Small Business   Commercial   Industrial   Municipal  Multi – Family

 Now there is a solution that works!  Other programs are available for residential!

 C-PACE provides 100% upfront, fixed rate, long-term financing to property owners for qualified energy upgrades – such as:

  •  Energy Efficient HVAC
  • Upgraded Insulation
  • New Windows
  • Solar Installations

– over the expected life of the measure. Game-changing benefits for owners are:

  • C-PACE assessments may qualify as an operating expense. This means owners can finance improvements without incurring additional debt and preserve capital and credit lines for core business investments. Also, under typical leases, payments – as well as energy savings – can be passed along to tenants.
  • The tax obligation (which is attached to the property) transfers upon sale to the new owner. Unlike other lending options, payments do not accelerate in case of default.
  • The C-PACE program requires projects to be cash flow-positive from project completion. Financing is structured so that energy savings must more than offset the additional property tax assessment.
  • Deeper energy upgrades are possible because the term of the assessment is up to 20 years and stays with the property rather than the owner.
  • Owners achieve lower operating costs due to increased energy efficiency, improved asset value from new equipment, and a better indoor air quality and comfort for tenants.
Commercial Property Assessed Clean Energy(C-PACE) is an innovative program that is helping commercial, industrial and multi-family property owners access affordable, long-term financing for smart energy upgrades to their buildings.C-PACE allows building owners to finance qualifying energy efficiency and clean energy improvements through placing a voluntary assessment on their property tax bill. Property owners pay for the improvements over time through this additional charge on their property tax bill and the repayment obligation transfers automatically to the next owner if the property is sold. Similar to a sewer tax assessment, capital provided under the C-PACE program is secured by a lien on the property, so low-interest, long-term capital can be raised from the private sector with no government financing required. This arrangement spreads the cost of clean energy improvements – such as energy efficient boilers, upgraded insulation, new windows, or solar installations – over the expected life of the measure.

Contact Steve Schappert to set up a free evaluation and sustainability report today!

 203-994-3950  Email