Commercial real estate owners spend roughly 30% of their operating budget on energy costs. PACE PACE has a number of attractive features for building owners.
Benefits of PACE for Commercial Real Estate Owners
- No up-front costs & funds available for up to 20 years
- Immediate benefit to cash flow raises Net Operating Income
- Solves split incentives issue
- Increases building value & building efficiency
- Treated like other property taxes and assessments
- No additional debt load
Typical Projects that Save or Produce Energy
- Lighting measures
- Occupancy sensors
- HVAC upgrades
- Building envelope
- Mechanical system modernization
- Solar PV or Fuel Cells
- Occupancy & day-lighting sensor
Energy Efficiency makes sense
PACENow developed a PACE for building owners presentation.