Here at Viridi, we believe helping the planet shouldn’t mean hurting your bottom line. Whatever project you’d like to pursue, we’ll help you find a financing plan that works for you.
We provide education, research, and access to funding sources for energy projects-from solar to LEDs and everything in between
Property Assessed Clean Energy “PACE”
PACE financing takes your loan and ties it to your property taxes. Here’s how it works:
City or county creates Energy Special Improvement District (ESID)
Property owner (you) installs energy project
ESID provides project funds to property owner
Property owner repays project cost through property tax bill
On-bill financing allows for flexible payment terms and performance guarantees; you may even save money on day 1!
Many times, the upfront cost of projects can deter companies from pursuing sustainability or efficiency measures. On-bill financing can be an attractive way to reduce or eliminate this barrier while keeping an extra expense off your balance sheet. As you can see from this graphic, your energy costs decrease immediately after installing more efficient lighting, equipment, HVAC, or solar. Then, you pay for this project over time on your utility bill, allowing for minimal budget chances. Once your project is paid off, you reap the full benefits of your increased efficiency and pay a lower utility bill permanently!
Rural Energy for America Program (REAP)
The USDA Rural Energy for America Program (REAP) provides grants and/or loan guarantees to support renewable energy systems or energy efficiency improvements. To qualify, you must be either a small business in an area with a population less than 50,000, or an agricultural producer.
Conventional Bank Loan