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An Innovative Solution for Funding Energy Projects
Please join us for interactive discussion of the LA County Commercial PACE Financing Program at the LA Cleantech Incubator on February 7th at 4 pm.
What is PACE and why should I care?
PACE stands for “Property Assessed Clean Energy.” So what? "Property Assessed" is the key part.
PACE is an innovative bond financing tool that enables property owners to fund efficiency upgrades to existing buildings and repay the cost over time as a property tax. Because of the security that this repayment mechanism affords, PACE offers a long-term financing solution that enables retrofit projects to be cash-flow positive from day one.
The bottom line. If you are technology innovator, an energy solutions provider, a commercial property owner, or a cleantech investor, PACE is a tool you should have in your tool-kit.
So how does this thing work?
Property owner develops the scope of work. Property owner negotiates deal points with PACE investors. LA County structures a micro-bond to reflect the terms negotiated between the property owner and the investors. PACE investor purchases PACE micro-bond. Project is installed. Energy is saved. Everyone makes money.
Will there be free drinks and time for networking?
Yes and yes, fabulous micro-brew beer will be provided by Dry River Brewing but the talking is up to you.