Energy Efficiency
Energy Efficiency Financing
Financing Options for Commercial Real Estate Projects
GSFA-sponsored energy efficiency financing can be used for renewable energy such as solar, energy efficiency upgrades such as new windows or HVAC units, conservation projects like green roofs and water use systems, seismic strengthening and more. The capital is repaid through a long-term special tax assessment on the subject property.
Programs currently serve industrial properties, hospitals, multi-family homes, office space, retail buildings, senior housing and special purpose facilities, including:
- New Construction
- Renovation and Redevelopment
- Building Expansion
- Tenant and Capital Improvements
Benefits of Energy Efficiency
Using energy more efficiently is one of the fastest, most cost-effective ways to save money, reduce greenhouse gas emissions, create jobs, and meet growing energy demand.
The many benefits of energy efficiency:
- Environmental:
Increased efficiency can lower greenhouse gas emissions and other pollutants, as well as decrease water use - Economic:
Improving energy efficiency can lower individual utility bills, create jobs, and help stabilize electricity prices and volatility - Utility System Benefits:
Energy efficiency can provide long-term benefits by lowering overall electricity demand
Financing Advantages
Property Assessed Clean Energy (PACE) is a financing option that provides for repayment over a long period of time, through a special tax assessment on the property. Long-term, fixed-rate financing, up to 30 years is available, allowing working capital to be reserved for other uses. The first payment is also deferred and the financing is transferable with the sale of the property.
Your property may be leaking hundreds of dollars in energy costs each year. Find out if energy efficiency financing can help you.