Why PACE?

  • Funding for up to 100% of installed project costs
  • Lower financing rates than other products in the market
  • Longer financing terms than would otherwise be possible
  • Enables projects to be cash flow positive in Year 1
  • May allow for favorable accounting treatment
  • Allows for equitable sharing of costs and savings with current tenants and future owners

Investment in energy and water efficiency is an intelligent business decision. Building performance upgrades bring multiple benefits:

  • Lower operating costs
  • Improve occupants’ comfort
  • Hedge against utility price increases
  • Reduce negative exposure to possible regulation
  • Help the environment
  • Boost property values

As part of Energy Upgrade California, owners of commercial properties (including nonprofit-owned and multifamily rental properties with five or more units) in San Francisco have access to GreenFinanceSF, an innovative financing program that uses Property Assessed Clean Energy (or PACE) to provide funding up to 100% of the cost of building performance upgrades.