The Benefits of PACE Financing for Commercial Real Estate Companies
Type
Policy Brief or Report
Year
2016
Level
City or Town
State(s)
All States
Policy Areas
Civil Rights, Community Development, Economic Justice, Energy, Environment & Natural Resources, Public Spaces
Property managers often struggle to get technically sound energy efficiency and renewable energy projects approved for financial reasons. Sometimes the split incentive embedded in leases makes projects uneconomic for the building owner. Other times, property managers simply cannot get internal capital allocated to clean energy efficiency projects or cannot gain approval for the use of external financing. For commercial real estate property owners, Property Assessed Clean Energy (PACE) financing can remove the typical barriers to the implementation of energy efficiency improvements.