Property Assessed Clean Energy (PACE) Financing

Description

Property Assessed Clean Energy (PACE) is a financing mechanism that enables low-cost, long-term funding for energy efficiency, renewable energy and water conservation projects. PACE financing is repaid as an assessment on the property’s regular tax bill, and is processed the same way as other local public benefit assessments (sidewalks, sewers) have been for decades.

Our Role as Energy Manager

ECX collects account information and begins work with our Service Providers to perform a site visit, scope the project, underwrite the PACE loan, and provide a proposal to the Client. Full turnkey installation and maintenance

Scope

A dedicated Account Manager will:

• Discuss with Client to identify their energy savings, resiliency  and sustainability goals
• Collect required asset information as well as documentation including invoices, letters of authorization and exclusivity
• Schedule walk through of asset
• Present a Level 1 Financial Analysis, inclusive of cost, schedule, and ROI, if agreeable:
• Present an LOI to Client and if agreeable,  collect deposit (deposit will be applied to project)
• Bid project to at least three PACE approved financing entities 
• Present the financing offers to Client, if agreeable
• Present Client with contract to proceed
• In conjunction with Service Provider and as an option to Client, we can manage the entire project