PACE (Property Assessed Clean Energy) Financing for Greenroofs
If you are lucky to be located in a U.S. state covered by PACE financing, you may be eligible for financing 100% of the costs to fund permanent green energy-saving, water-saving and seismic strengthening improvements – now including greenroofs!
Last week, Counterpointe Sustainable Real Estate, a leader in commercial real estate PACE financing, announced the launch of new financing program for the installation, service, and maintenance of greenroofs nationwide.
This innovative new financing program will help property owners comply with San Francisco’s new Living Roof Ordinance for one, and is backed by property-tax assessments funding – known as Property Assessed Clean Energy (PACE) Financing – through which the local county or municipality offers a voluntary tax assessment increase in exchange for the funding costs.
“The financing provided by Counterpointe Sustainable Real Estate provides financing for 100% of the costs of green roof installation. Through the CounterpointeSRE’s PACE program, the assessment that funds the improvements is repaid with long term, fixed rates through an additional line item on the property tax statement. This will allow hotels, offices, hospitals and other commercial properties to finance green roofs while preserving capital and potentially qualifying for off balance sheet treatment. Assessments are tied to the property, so they may be passed through to tenants, are non-recourse to owners and are transferrable upon sale of the property.
A highlighted feature of the new program is 100% financing that includes all related soft costs such as design, engineering, egress installation, and prepaid service or maintenance contracts for the green roof.” ~ Counterpointe Sustainable Real Estate
CounterpointeSRE Green Roof Program
Download the CounterpointeSRE Green Roof Program PDF to read more about it and how you and your property may qualify.
“CounterpointeSRE is pleased to work in conjunction with city planners to helps reduce heat island effects, manage stormwater, and increase open space in commercial spaces.
Through this program, property owners can increase ROI, property aesthetics and property value while making our cities more environmentally friendly.” ~ Eric Alini, managing partner at Counterpointe Sustainable Real Estate
Counterpointe Sustainable Real Estate (CounterpointeSRE) is a leading PACE provider, financing commercial real estate clean energy and resiliency improvements nationwide from $100,000 to $50,000,000.
Sounds like an amazing opportunity to fund commercial greenroofs and we need to look more into it! For more information, please visit CounterpointeSRE.