Figtree PACE Commercial Financing
Smart Financing! Traditional bank loans and lease programs are based on personal credit and income, Figtree PACE financing is based on the value of your property. Figtree PACE financing has a fixed rate and requires no money down. Financing payments are made as an assessment payment on your property tax bill. If you sell your property, the assessment payment on your tax bill transfers to the next owner.
Smart Investment: Energy efficient equipment, better insulation and solar energy can help you lock in low-cost energy.
Lower Utility Bills: Energy savings can offset the cost of financing and can even create positive cash flow.
Tax Incentives & Energy Rebates: Federal and state tax incentives combined with utility rebates can lower you upfront investment significantly. Solar equipment alone can yield a tax incentive of 30%.
Increase Property Value: Energy efficient buildings with clean energy retrofits are valued by prospective buyers and, on average, fetch a higher sales price when sold.
Energy Compliant: Starting in 2012, California law requires disclosure of energy efficiency ratings upon sales, rental, or refinancing of properties. Energy efficient buildings with clean energy retrofits will be in compliance.
What professionals throughout California are saying about Figtree PACE:
“The Figtree launch of the multi-city bond highlights an important but under-reported story of the PACE saga: programs for the commercial sector are thriving. The $725,000 bond will fund seven energy efficiency and renewable energy projects at businesses in four California cities: Fresno, Palm Springs, Clovis, and Exeter.” Justin Gerdes, Forbes.com
“We adopted the CA PACE program to help commercial property owners finance money-saving, property improving energy efficiency and renewable energy solutions that in turn help us realize our economic development goals and promote a healthier environment for our citizens. It’s a 360-degree win for cities, property owners – and the community at large!” Joseph Oldham, Sustainability Manager, City of Fresno
“Program’s like Figtree PACE present energy-intensive commercial customers with low-cost ways to finance relevant, energy and money saving solutions that reap benefits for years to come. Quite simply, this program makes good business sense for many of our commercial customers. We’re promoting their unique brand of financing to customers whenever we can!” Bob Riding, Community Energy Manager, PG&E
“We’re introducing Figtree PACE to help Elk Grove reduce property owners’ costs while creating jobs that improve property values and our environment. Energy-efficiency upgrades and renewable energy systems are proven ways to lower operating costs and hedge against rising energy rates. Qualifying, money-saving projects include energy-efficient lighting, windows, cool roofs, HVAC, solar and water efficiency improvements. Because Figtree PACE leverages private financing, it’s a win-win for any jurisdiction.” Mayor James Cooper, City of Elk Grove
“Doing business with Figtree PACE reaps multiple rewards. The team is professional, attentive, focused – and smart. They know and understand business – and the needs of their customers. Their unique financing expertise has led to improvements that are driving improved property values, higher tenant occupancies and lower energy bills for several of our commercial properties. We encourage others to consider this unique financing tool.” Sal Gonzales, COO, Lance-Kashian & Company