Do your energy costs keep you up at night? Do aging systems keep
your utility spend high while other needs draw scarce capital
resources? You are not alone. Major HVAC, lighting and other
upgrades can be capital intensive with a long payback that does not
justify making them a short-term priority in the near term. Making
long-term investments in your manufacturing or other facilities can
also be problematic when you are unsure if you will be selling that
property during the 20 years it may take to recoup the cost of such
investments.
With these challenges in mind, state and municipal governments
have worked to create PACE programs in markets across the nation.
PACE, or Property Assessed Clean Energy, is a program
that makes it possible for manufacturing and other commercial
property owners to obtain low-cost, long-term financing for
conservation projects with a guaranteed payback over the life of
the deal. And the obligation stays with the building if sold.
Payments
