AEC provides options to suite the needs for Commercial or Residential Financing.
WHAT IS C-PACE FINANCING?
C-PACE provides long-term, fixed-rate, and low-cost capital to commercial businesses for solar energy, energy-efficient new construction and major renovation projects. C-PACE financing may cover up to 30% of the overall property value (not to exceed 95% CLTV) and can be used for hundreds of energy-efficient improvements.
WHICH PROPERTIES QUALIFY?
C-PACE financing may be used for new projects or to retroactively finance construction that has already been completed. Commercial properties that qualify include: hospitality, retail, multifamily, mixed use, nonprofit, and more.
HOW DOES IT WORK?
C-PACE is a national initiative with renewable energy programs tailored to meet local and market needs. Programs are approved by the local government and passed by the legislature.
Unlike other project financing, the borrowed capital is above senior debt and is repaid over time via a voluntary tax assessment on the property.
Solar/Energy Improvement Loan Program
Financing for residential solar is available through Green Biz Financial. Click below to view their brochure for rates and options available.
If you have any questions please contact us to discuss your needs.
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