Suppose your company wishes to increase energy efficiency and reduce operating costs by retrofitting its existing properties. What if the retrofit costs could be paid without diverting funds from the company’s capital budget, impairing growth capital, reducing cash reserves or drawing on traditional credit sources? What if these costs could be financed through low-cost, long-term funding arrangements where the annual debt service payments are less than the annual savings actually derived from the retrofits? It may sound too good to be true, but all of this is possible under PACE – the Property Assessed Clean Energy program. Read full article.
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