Frequently Asked Questions
What is PACE (Property Assessed Clean Energy)?
It’s a tool that can finance energy efficiency and renewable energy improvements on commercial property. Unlike other project financing, the borrowed capital is repaid over time via a voluntary tax assessment.
What is the difference from a traditional loan and a PACE loan?
The interest rate from a PACE loan is deductible, while the interest rate in a traditional loan is not.
Which Improvements can you fund?
We have 100+ approved energy efficiency projects that can qualify for our funding. From solar to plumbing, HVAC, roofing, even a new building can be funded through GPC.
Can I include other improvements to my financing?
Yes, you can include a variety of energy efficient improvements.
Can I use multiple contractors for the improvements?
Yes, you can select the contractors that will work on your property, we will sign them on our program and approve them, so we can fund the project for them.
Is there any money down or installation fee?
Our programs work with no money down or upfront payment. We fund the complete project with your contractors.
Do you place a lien on the property?
No, we increase the amount from the existing lien.
Want to learn more?
Ask our team, we’re ready to help!