Viridi can assist businesses in accessing property assessed clean energy (PACE) funds, offering them the opportunity to enjoy project savings, keep debt off their balance sheet, and invest saved capital into non-energy related projects.
Property assessed clean energy is a unique tool that balances budget concerns with energy needs. PACE financing allows a property owner to implement projects and pay them back over a set period, typically 10 to 20 years, without having to provide upfront capital. The payments are made as an addition to the owners’ property tax and projects can often be cash positive from day one. Additionally, the debt is transferrable from owner to owner as it’s tied directly to the property itself.
PACE financing can be used for new construction projects, redevelopments, retrofits or upgrades, renewable energy implementation and even refinancing. If you would like more information on how your business can take advantage of this program, please email Claire Wilson ([email protected]).
