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Webinar Replay - Listen Now!

RE: EDUCATION OPPORTUNITY

Underwriting Energy Efficiency Financing in the
Innovative CT C-PACE Program

Finally a deal the CRE industry can't refuse

Presented On: January 10, 2013
Presentation: 1 Hour
Q & A: 30 Minutes


Presented by Anthony J. Buonicore, P.E., Managing Director, Buonicore Partners, LLC, CT C-PACE Program Administrator

Moderator: Brian J. McCarter, CEO, Sustainable Real Estate Solutions, Inc., C-PACE Program Data Management Platform Provider

 

PACE tax-lien financing programs enable participating local governments to allow the costs of energy improvements on commercial and industrial properties to be repaid over many years through an assessment invoiced on the owner’s property tax bill. Similar to a sewer tax assessment, capital provided under C-PACE* is secured by a lien on the owner’s property. Packaged correctly, this type of financing can effectively offer commercial real estate owners, operators and managers a deal that is difficult to refuse!

 

The compelling benefits enabled by C-PACE include:

  • projects can be financed with no capital outlay;
  • total project cost, including up-front costs, can be financed;
  • under typical leases, tenants pay the tax lien expense and realize energy cost savings;
  • lower operating costs due to increased energy efficiency;
  • tenants experience positive cash flow at project completion;
  • new equipment increases the property’s asset value;
  • a "greener" building with lower net operating costs will be attractive to future tenants;
  • the tax obligation (which is attached to the property) transfers upon sale to the new owner.

Learn about the C-PACE program by listening to this webinar!

Key topics:
  • PACE programs and financing considerations
  • Connecticut's C-PACE Program
  • Power of PACE in the CRE market
  • C-PACE innovation
  • Technical Standards
  • Importance of a common data management platform to meet the underwriting needs of all deal interdependent stakeholders

 

Who should attend?
  • Commercial building owners and operators
  • Property and facility managers
  • Energy consultants
  • Contractors
  • Energy auditors
  • ESCOs
  • Project developers
  • Building engineers & architects
  • Bankers and financiers
  • Attorneys

 

*C-PACE is a Connecticut state program run by the Clean Energy Finance and Investment Authority (CEFIA). The C-PACE innovative structure represents the cumulative experience and best practice developed from nationwide market experience over the last few years. This best practice is now in place to support the emergence of CRE energy efficiency financing as a mainstream financial asset class with a high degree of standardization, predictability and scale.

 

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