Main Street America is partnering with Greenworks Lending to make the Commercial Property Assessed Clean Energy (C-PACE) program more accessible to Main Street communities across the country. Greenworks Lending’s C-PACE can help small businesses save energy and money through energy efficient building upgrades.
Greenworks Lending funds 100% of the hard and soft costs of commercial building upgrades and new construction elements that improve energy performance via a public-private financing program called C-PACE (Commercial Property Assessed Clean Energy). With C-PACE, repayment is made through the property tax bill over the useful life of the upgrades (often 20 plus years). Cash flow is positive from day one, as energy savings typically cover the cost of repayment.
Through this partnership, local Main Street district managers can receive 0.5% of the total project cost for projects they refer to Main Street America and Greenworks Lending.
Original Source: https://mailchi.mp/8d70b90cdad8/spotlight-1361133