Learn how PACE financing can benefit your next clean energy project in Virginia!
Designing a solar financing structure for small commercial and nonprofit customers can often be a complicated task, frequently constrained by one or more barriers: No internal tax appetite to monetize federal or state tax credits and depreciation benefits Not financially strong enough to underwrite third-party ownership, and/or Too small of a project to bear the burden of underwriting and other due diligence analysis. In recent years, two alternative structures – power purchase agreements (PPAs) and Property Assessed Clean Energy (PACE) have emerged as popular tools to facilitate long-term and cost-effective financing of solar systems. Both have specific benefits that make them attractive. A
Arlington County and its Commercial Property Assessed Clean Energy (C-PACE) program administrator (Sustainable Real Estate Solutions, or SRS) are pleased to announce the launch of the Commonwealth’s first local PACE program. The program website - https://arlington-pace.us/ - is live and the program is ready to accept project applications. C-PACE is a public-private partnership to provide affordable, long-term private sector financing for projects to improve the energy or water efficiency of new or existing commercial buildings in the county. Properties eligible to participate in C-PACE include commercial, industrial, nonprofit and multifamily buildings with five or more units. Typically, pr
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