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.