Want to install a new, energy-efficient heating and air conditioning system? Energy-efficient lighting? Solar water heating or electric systems? Other energy efficiency measures? Here is a new way to finance those projects without having to put any money out up front.
PACE financing is available in Butte County to fund energy efficiency, renewable energy projects, or water efficiency projects. The loan is paid back as a voluntary property tax assessment on your property and is not a “bank” loan. PACE loans can be paid back in 5 to 20 years as it is tied to your property tax bill. PACE eliminated the need to pay out of pocket for your energy improvements.
PACE loans are available for owners of property in the unincorporated area of Butte County, the City of Chico, the City of Oroville, or the Town of Paradise. This financing package is available only for commercial, retail, agricultural and industrial property owners in Butte County.
PACE offers 100% up-front financing for solar, energy efficiency and water conservation improvements and may include:
- HVAC Systems
- Solar Photovoltaic
- Solar Thermal
- Roofing
- Lighting
- Windows
- Exterior Doors
- Plumbing
- Irrigation
- Process Equipment
- Control Systems
PACE gives property owners unparalleled flexibility and benefits:
- 100% up-front financing
- Long terms (up to 20 years)
- No encumbrance of corporate credit
- Transferability of lien upon disposition
- Repayment via property tax bill
- Potential off balance sheet treatment
An energy audit or ‘test in, test out’ procedures to ensure optimum operation is not required; however, it is highly recommended. You can also use PG&E rebates and other incentive programs such as RHA’s Energy Fitness Program in addition to PACE funding.
For more information:
Visit the Butte County website:
http://buttebusinessresources.com/property-assessed-clean-energy-pace
The Butte County PACE program is operated by FIGTREE. Visit the FIGTREE website to begin your application or call 877.577.7373.
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