Real Cost Reduction
Immediate Financial Returns
No credit barrier
The Sunsign Program is designed to help facility owners and managers achieve meaningful operating cost reductions and improve tenant satisfaction without up-front investment or back-end credit scrutiny.
Traditional site improvements are limited to “quick-win” (e.g., LED retrofits) and “must-do” (e.g., AC stopped working) projects and a variety of cosmetic upgrades, but real value is achieved only through deep energy-saving retrofits and deferred maintenance projects.
What types of commercial sites are good candidates for PACE?
What types of improvements are good fits for PACE?
Why use the Sunsign Impact Financing Program?
Typical Upgrade Objections
Sunsign Impact Financing Program
Cannot afford to develop project list
No Cost
Do not trust contractor to provide guidance
Led by energy engineering firm serving as owner’s representative
Limited funds to invest in upgrades
No up-front investment
Short-term paybacks are required on all projects
Cash flow positive immediately (no payment for a year) and throughout the term of the loan
Biggest issues are deferred maintenance rather than energy efficiency
If solution to deferred maintenance problem is more efficient, then covered under Program
Would be great to have a visible sustainability project like solar but payback is prohibitive
When blended with other projects in the loan package, solar may become possible
Cannot take on more business debt at this time
Loan is an off-book property tax assessment, not a business loan
The building may be sold someday so no desire to invest in improvements if that may happen
The loan transfers with the property at no cost and does not stay with the original site owner
May not be able to get project financing credit and do not want to bother with extended credit scrutiny
The loan amount and approval are based primarily on the value of the property so the underwriting process is simple
Most project financing requires a personal guarantee
No personal guarantees
Do not want to be saddled with the full loan amount if a payment is missed
No acceleration of loan upon default
The tenants are the ones who benefit, but we pay for the loan
Because it’s an operating expense, loan costs may be passed on to tenants under a triple-net lease
We operate as a nonprofit so typical financing does not apply to us
Applicable to private commercial and industrial properties as well as multi-family housing and nonprofits
We are located in an economic assessment zone so obtaining financing is difficult
Because the Program is impact-focused, low-income economic assessment zone properties are well suited to participate
Definitely selling the building in the next few years so why invest in improvements
Increased property value through lower operating costs and improved tenant satisfaction and retention
Being “green” is not a priority
While improvements to reduce energy consumption will reduce carbon emissions, it will also lower operating costs
PACE Project Financing Differentiation
Example: $920K Chiller Upgrade
Contact Us
To determine if you qualify for the Sunsign Program, check out in what states commercial PACE is available, and then click here or fill out the form below and let us know about your building or project under consideration, and we will respond promptly.
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