ENERGY EFFICIENCY & RENEWABLE ENERGY FINANCING OPPORTUNITIES
SMART FINANCING OF ENERGY EFFICIENCY AND RENWABLE ENERGY PROJECTS IS THE KEY PIECE OF THE PUZZLE THAT MAKES YOUR PROJECT A WINNING PROPOSITON!
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THE PACE LOAN
PROPERTY ASSESSED CLEAN ENERGY LOAN :
A POWERFUL FINANCING OPTION FOR COMMERCIAL PROPERTY OWNERS LOOKING TO COMPLETE A $100,000 - $1,000,000 ENERGY SAVINGS PROJECT
THE BENEFITS OF PACE (AKA C-PACE) FINANCING...
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NO DOWN PAYMENT : PROPERTY OWNERS DON'T NEED TO MAKE AN UP-FRONT PAYMENT.
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FIXED RATE & PAYMENT : PACE LOANS HAVE A FIXED INTEREST RATE AND PAYMENT SCHEDULE.
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EXTENDED TERMS : REPAYMENT TERMS CAN BE UP TO 15 YEARS.
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CASH FLOW : ANNUAL ENERGY SAVINGS CAN BE GREATER THAN THE ANNUAL ASSESMENT PAYMENT WHICH CAN IMPROVE CASH FLOW.
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ENVIROMENTAL BENEFITS : PACE LOANS HELP COMPANIES AND MUNICIPALITIES ADVANCE THEIR ENVIROMENTAL, SOCIAL AND CORPORATE GOVERNANCE (ESG) INITIATIVES.
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TAX DEDUCTIBLE : THE INTEREST PORTION OF PACE LOAN REPAYMENT IS USUALLY TAX DEDUCTIBLE.
HERE'S THE DETAILS ABOUT PACE...
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FINANCING OPTIONS FROM $ 100,000 - $ 500,000, UP TO 100% OF ELIGIBLE COSTS...
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TERM OPTIONS UP TO 15 YEARS...
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5% FIXED INTEREST RATE...
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AVAILABLE FOR COMMERCIAL PROJECTS...
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CAN BE USED FOR ENERGY EFFICIENT PROJECTS OR RENEWABLE ENERGY PROJECTS.​​​​​​
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THE STEP LOAN
SAVINGS THROUGH EFFICIENCY PROGRAM
POWERFUL FINANCING AVAILABLE FOR ENERGY SAVING PROJECTS THAT FALL INTO THE $5,000 - $125,000 RANGE
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THE BENEFITS OF STEP FINANCING...
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THIS AFFORDABLE FINANCING OPTION ALLOWS COMMERCIAL PROPERTY OWNERS IN A NORTHEAST OHIO COMMUNITY SERVED BY NOPEC (NORTHEAST PUBLIC ENERGY COUNCIL) TO COMPLETE QUALIFYING PROJECTS WITHOUT TAKING OUT A HIGH INTERST LOAN.
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HERE'S THE DETAILS ABOUT A STEP LOAN...
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FINANCING OPTIONS RANGING FROM $5,000 TO $125,000 UP TO 75% ELIGIBLE COSTS​​​​​​
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TERM OPTIONS UP TO 10 YEARS
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5% FIXED INTERST RATE
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FINANCING AVAILABLE FOR COMMERCIAL PROJECTS
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CAN BE USED FOR ENERGY EFFICIENCY PROJECTS OR RENEWABLE ENERGY IMPROVEMENTS
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DOES YOUR PROPERTY QUALIFY FOR A PACE OR STEP LOAN - YOU MAY BE SURPRISED.
A COMMON MISCONCEPTION IS THAT A PACE LOAN IS JUST FOR LARGE, INDUSTIAL BUSINESS' - THIS IS NOT TRUE - SEVERAL COMMERCIAL PROPERTIES QUALIFY TO TAKE ADVANTAGE OF PACE SUCH AS...​​​​​​
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NON-PROFIT ORGANIZATIONS
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RELIGOUSE ORGANIZATIONS
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SCHOOLS
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HEALTH CARE FACILITIES
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APARTMENT BUILDINGS (5 OR MORE UNITS)
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PUBLIC SECTOR BUILDINGS
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PRIVATE SECTOR BUILDINGS
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RETAIL BUSINESS'
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OFFICES
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INDUSTRIAL BUILDINGS
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MANUFACTURING BUSINESS'
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4
STATE OF OHIO ELF LOAN
ENERGY LOAN FUND
LOW INTEREST LOANS FOR PROJECTS IN THE $250,000 - $2,500,000 RANGE
THE BENEFITS OF AN ELF LOAN...
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THROUGH THE ENERGY LOAN FUND ELIGIBLE APPLICANTS RECIEVE LOW-INTEREST FINANCING TO INSTALL ENERGY EFFICIENCY MEASURES SUCH AS ENERGY MANAGMENT CONTROL SYSTEMS, HVAC UPGRADES, WEATHERSEALING, DOOR & WINDOW REPLACEMENT, COMBINED HEAT & POWER SYSTEMS....
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HERE'S THE DETAILS ABOUT A ELF LOAN...
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​ALL PROJECTS MUST ACHIEVE AT LEAST A 15% REDUCTION IN ENERGY USAGE
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DEMONSTRATE ENVIROMENTAL & ECONOMIC IMPACTS
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AND BE INCLUDED IN A LONG-TERM ENERGY STRATEGY
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DOCUMENTATION NEEDED TO APPLY FOR THE FUND INCLUDES, BUT NOT LIMITED TO...
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AN OVERVIEW OF THE PROJECT​
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PROJECTED ENERGY & COST SAVINGS
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AN ASHRAE II ENERGY AUDIT​​
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5
WHAT PART DOES AN ASHRAE REPORT PLAY WHEN IT COMES TO THE ALL-IMPORTANT ASPECT OF FINANCING YOUR ENERGY SAVINGS PROJECTS ?
FINANCIAL INSTITUTIONS AS WELL AS PRIVATE AND GOVERMENT FUNDING PROGRAMS WANT TO SEE THAT YOU HAVE TAKEN THE NECESSARY FIDUCIARY OVERSIGHT TO ENSURE YOUR PROJECT(S) WILL YIELD THE ENERGY AND COST SAVINGS THAT THEY ARE ENTRUSTING THIER FUNDS WITH - AN ASHRAE LEVEL 2 ENERGY AUDIT REPORT IS WHAT BREAKS DOWN THOSE PROJECT'S ESTIMATED COST AND ENERGY SAVINGS.
P.O. Box 44072
Brooklyn, Ohio 44144
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440-522-3650
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