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 LA  County  Commercial  PACE  Program    

d9(1*$#*/LD+p*

Property Assessed Clean Energy

Property Owner

Government Sponsor

Financer

•  Funding  for  up  to  100%  of  installed  costs    (hard  +  so^)  

•  Lower  rates  and  longer  terms  

•  Fund  seismic  upgrades  or  upgrades  required  by  Health  and  Safety  or  AQMD      

Benefits  of  PACE  

14

•  Allows  projects  to  be  “cash-­‐flow  posi've”    from  day  one  

•  Assessment  transfers  if  the  building  is  sold  

•  Assessment  is  a  “pass-­‐through”  under  most  leases  

•  Porrolio  projects/proper'es  can  be  financed  under  a  single  bond  with  individual  assessments  

Benefits  of  PACE  

15

•  PACE  is  na'onwide  

•  79  of  88  Los  Angeles  County  ci'es  have  adopted  PACE  

•  Par'cipa'ng  ci'es  can  leverage  this  for  no  cost  

LA  County  Commercial  PACE  Program      

16

Comprehensive  PACE    Legisla'on  (11)  

Limited  PACE  legisla'on  (6)  

Pre-­‐exis'ng  authority  (3)  

Legisla'on  proposed  (13)  

No  legisla'on  in  place  yet  

*    Ac've  programs  

*  Emerging  programs  

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18

•  Proper'es  leased  to  government  agencies    

•  Older  buildings  in  need  of  major  upgrades  

•  Proper'es  with  low  loan  to  value    

•  Porrolios  of  proper'es  with  a  single  owner  

•  Industrial/manufacturing  facili'es    

•  Proper'es  needing  to  comply  with  legal  requirements    

 

Ideal  Candidates  

19

Ques'ons?