pace application process how to put together a pace project
TRANSCRIPT
PACE APPLICATION PROCESS
HOW TO PUT TOGETHER A PACE PROJECT
PREPARING A PACE PROJECT
ELIGIBILITY
P R O P E RT I E SC o m m e r c i a l
I n c l u d e s I n d u s t r i a l , A g r i c u l t u r a l , M u l t i f a m i l y w / > 5 u n i t s , N o n p r o fi t s
N o N e w B u i l d i n g s
P R O P E RT Y O W N E R S P r i v a t e l y O w n e d ( N o G o v e r n m e n t
P r o p e r t y
P R O J E C T S E n e r g y / W a t e r E ffi c i e n c y P e r m a n e n t l y a ffi x e d
USE OUR ELIGIBILITY SCREENING TOOL
Decide on a Project
Select a Lender
ITPRMortgagee
Consent
Select A Contractor
Prepare Application
Install and Verify
Closing
Decide on a
Project
InsulationHigh-efficiency windows or doorsAutomated energy control systemsHVAC modification or replacementCaulking, weather-stripping or air sealingLight fixture modifications
Water use efficiency improvementsEnergy- or water-efficient manufacturing processes and/or equipmentSolar panelsSolar hot waterGray water reuseRainwater collection system
Select a Contractor
PACE List ing on GBM
Select a Lender
Lender L ist
Prepare Application
ADMINISTRATION COSTS
$ 5 0 0 A P P L I C AT I O N F E E
1 % O R I G I N AT I O N ( M I N . $ 2 5 0 0 ) P a i d a t c l o s i n g
0 . 2 5 % A N N U A L R E S I D U A L F a c t o r e d a s a c o m p o n e n t o f t h e
i n t e r e s t r a t e
Sav ings to Inves tment Rat io (S IR )
SAVINGS:Total Energy/Water savings over the life of the project
INVESTMENT:Total amount of assessment (Financing amount)
Select an Independen
t Third Party
Engineer ( ITPR)
Get Mortgagee
Consent
Close on Financin
g
Requ i red Cont rac tsOwner and CountyLender and CountyAssessment LienMortgagee Consent (If Applicable)
Instal l Project and Veri fy
PACE TOOLS AND RESOURCES
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