commercial and industrial sector makes up approximately 25% of Ann Arbor’s 2010 community emissions
and presents many opportunities for improving energy efficiency.
Making smart investments in your property will
decrease your energy costs and increase your property's value. This includes
heating and cooling, lighting, appliances and equipment, water fixtures and
renewable energy. Benefits beyond energy savings include improved productivity and less tenant turnover.
Ann Arbor's PACE (Property Assessed Clean Energy) program allows property owners to save energy using a special property assessment. This financing has several potential benefits to commercial property owners over traditional loan products. Traditional financing programs are typically limited by short repayment periods, high or variable interest rates, stringent credit requirements that do not account for savings from improved energy efficiency, lack of equity and limited availability.
PACE special assessments offer low fixed rates, eligibility determined by property value and longer repayment terms. If you want to update your building at a low fixed interest rate with a 10-year term, you want to PACE yourself. Not sure if you qualify for A2 PACE but interested in financing an energy efficiency project?