Training Sessions Focus on PACE Financing & Sustainable Business Development in Los Angeles Region
The Los Angeles Better Buildings Challenge (LABBC) held the first of what will be a regular series of workshops on the PACE financing program, in partnership with Sustainable Real Estate Solutions, Inc. (SRS).
The informational workshop series discussed the advantages of Property Assessed Clean Energy (PACE) Financing, how the LABBC-SRS team can help to prequalify projects for PACE financing, and how the LABBC can support energy professionals in communicating the business case.
The Growing Your Business: PACE Financing & Sustainable Business Development sessions are ideal for energy consultants, contractors, energy auditors, ESCOs, project developers, facility managers, building engineers, and architects who are interested in sharing PACE funding options with their clients.
PACE funding covers up to 100% of project costs, requires no out-of-pocket expense, and generates immediate cash flow for building owners – even on projects that might otherwise appear financially infeasible.
“SRS’s experience over the past two years providing support to the state of Connecticut’s PACE program has led to a highly streamlined, standardized, technically sound and transparent underwriting methodology,” said McCarter. “The process designed by the CT Green Bank and SRS has earned the confidence of building owners and capital providers that projects technically and financially underwritten, according to this methodology, will achieve the projected energy and dollar savings forecast.”
“SRS’s PACE market leadership, including the development of state-of-the-art tools to streamline and standardize the energy and water efficiency investment underwriting process, has been instrumental in advancing industry best practice,” said David Hodgins, Executive Director of LABBC. “LABBC is delighted to partner with SRS to enable LA County contractors and LABBC Partners to fully-leverage the benefits of PACE financing to meet their property modernization needs, while capturing compelling energy savings”.