Property owners achieve numerous tangible benefits in implementing energy efficiency upgrades - especially when one considers that the PACE financing program guidelines specify that 100% of the architectural, engineering, related fees and construction costs are covered.
PACE Benefits to Property Owners
Immediately improve their cash flow with the next utility bill
Improve the property value to tenants
Turn marginal energy efficiency improvement projects into profitable projects
Accelerate projects otherwise delayed due to a lack of capital
Finally, property managers may pass all costs along to tenants who benefit from the lower utility expense (in most leases) and from a more comfortable work environment.
For more information see the PACENow Lender Support Update.