GSFA-sponsored energy efficiency financing can be used for renewable energy such as solar, energy efficiency upgrades such as new windows or HVAC units, conservation projects like green roofs and water use systems, seismic strengthening and more. The capital is repaid through a long-term special tax assessment on the subject property.
Programs currently serve industrial properties, hospitals, multi-family homes, office space, retail buildings, senior housing and special purpose facilities, including:
Using energy more efficiently is one of the fastest, most cost-effective ways to save money, reduce greenhouse gas emissions, create jobs, and meet growing energy demand.
The many benefits of energy efficiency:
Property Assessed Clean Energy (PACE) is a financing option that provides for repayment over a long period of time, through a special tax assessment on the property. Long-term, fixed-rate financing, up to 30 years is available, allowing working capital to be reserved for other uses. The first payment is also deferred and the financing is transferable with the sale of the property.
Your property may be leaking hundreds of dollars in energy costs each year. Find out if energy efficiency financing can help you.