GreenGen is a leader in utilizing PACE financing to finance its energy efficiency solutions on behalf of its clients. PACE financing utilizes a structure that uses the real estate tax bill as the financing vehicle, which provides two advantages:
- Long term, low cost financing for energy related projects
- Legal treats energy efficiency capital projects as a real estate tax assessment, which gets around the split incentive issue
PACE financing is available in an ever-growing number of locations across the US. Whether your local community operates their PACE program in an open or closed manner, GreenGen can assist you in structuring your projects as a PACE financed project.