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Clean Energy PACE Loan

For property owners with a tax appetite and/or want to own the system

Product Features

  • 100% financing – no capital outlay required by property owner​

  • Low cost of capital

  • Non-recourse financing – no corporate or personal guarantees required

  • SDR Payment Holiday – no payments for the first 12 to 18 months

  • Easily transferable upon sale of property, PPA transfers with property title

  • Payments may be passed to tenants

Requirements

  • Address must be in a C-PACE eligible area (green states below)

  • Minimum Project Cost = $500,000

  • Loan Term = up to 30 years (tied to useful life of the asset)

  • Loan to Value Limit = 35% for most properties, 25% for education, medical and non-profits

  • Eligible Projects = Solar, Storage, Roofing, Energy Efficiency, Water Conservation, HVAC

  • Ineligible Properties = Single family residential, Government owned

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