Property Owners
Increase property values with affordable financing for efficiency improvements
The average commercial building wastes 30 percent of the energy it consumes. With energy costs on the rise—and an increasing focus on sustainability—conserving energy and reducing operating expenses continues to be a priority for building owners in Wisconsin.
However, longstanding barriers tend to impede investment in energy conservation building improvements. Now, with the help of PACE Wisconsin, low-cost, long-term financing is available for energy efficiency improvements, renewable energy systems, and water conservation upgrades in participating communities!
How does it work?
To take advantage of PACE Wisconsin, property owners develop qualifying energy and water conservation projects with contractors of their choice. Building owners then arrange PACE Financing with a Qualified PACE Lender and if applicable acquire Mortgage Lender Consent. Next, the property owner applies to PACE Wisconsin to qualify their project for PACE Financing according the program requirements. If the PACE project is approved, the PACE Commission, borrower, and PACE Lender enter into a PACE Financing agreement that governs the terms of the PACE Special Charge.
PACE Financing provides:
PACE Financing is sourced from an open lending market and secured through a voluntary PACE Special Charge, repaid directly to the lender.
For more information, contact the Program Administrator at info@pacewi.org.
The average commercial building wastes 30 percent of the energy it consumes. With energy costs on the rise—and an increasing focus on sustainability—conserving energy and reducing operating expenses continues to be a priority for building owners in Wisconsin.
However, longstanding barriers tend to impede investment in energy conservation building improvements. Now, with the help of PACE Wisconsin, low-cost, long-term financing is available for energy efficiency improvements, renewable energy systems, and water conservation upgrades in participating communities!
How does it work?
To take advantage of PACE Wisconsin, property owners develop qualifying energy and water conservation projects with contractors of their choice. Building owners then arrange PACE Financing with a Qualified PACE Lender and if applicable acquire Mortgage Lender Consent. Next, the property owner applies to PACE Wisconsin to qualify their project for PACE Financing according the program requirements. If the PACE project is approved, the PACE Commission, borrower, and PACE Lender enter into a PACE Financing agreement that governs the terms of the PACE Special Charge.
PACE Financing provides:
- Low-cost, upfront financing that covers up to 100 percent of project costs
- Long repayment periods (up to 20 years)
- Reduced energy consumption and operating expenses
- Upgraded, more efficient and modern systems
- Immediate return on investment/positive cash flow
- Increased net operating income and property value
- Energy Savings Performance Guarantees for PACE Projects greater than $250,000
- Shared cost and energy savings with building tenants
- Option, upon sale, to transfer financing to new owner
PACE Financing is sourced from an open lending market and secured through a voluntary PACE Special Charge, repaid directly to the lender.
For more information, contact the Program Administrator at info@pacewi.org.
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2018 PACE WISCONSIN | 1.800.522.3014