Chicago PACE Introduces Funding for Efficiency and Sustainability
Chicago PACE makes it possible for owners and developers of commercial properties to obtain low-cost, 100% financing for 20+ years for energy efficiency, sustainability and renewable energy infrastructure deployed in new or existing buildings. There are many financial and operational benefits that Chicago PACE provides to building owners, especially compared to traditional debt financing.
Chicago PACE is the latest and potentially largest in a growing number of state and municipal based C-PACE programs across the country which have combined to fund 2,000 energy efficiency, renewables and resiliency projects. PACE is private capital and stands for Property Assessed Clean Energy – the “C” denotes the commercial program.
Currently active in 22 states, C-PACE is a unique form of funding repaid through... To continue reading, please visit Energy Manager Today (click here).