If these commercial PACE requirements are met, PACE funding may be issued for up to 25 percent of the value of the property at the time that the project is completed. Soft costs that are associated to the construction or installation of these systems.Insulation and building envelope systems.Lighting and electrical systems that meet minimum requirements for energy efficiency.PACE financing can provide support in making upgrades and renovations to your building including: A clean Phase I Environmental Report must be filed with the PACE program administrator.
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Underwriting criteria for PACE financing typically includes the following set of requirements: Getting Approval from PACE Administrators We have the experience and knowledge you need to provide the right solutions for your commercial PACE financing needs. Our team will work with you to find ways in which your current project plan meets these minimal requirements and to provide you with an Energy Engineering Report that will meet the requirements of the PACE program administrator. PACE financing offers funding for commercial construction projects that meet relatively simple energy efficiency requirements. Although the commercial PACE requirements are not difficult to meet, working with Stonehill PACE is an excellent way to ensure that you receive the right guidance and support during this process.