Thursday, February 7, 2019
3:55 p.m. - 4:25 p.m. CST
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PACE Wisconsin: Creating a commercial Property Assessed Clean Energy (C-PACE) program from the ground up can be time consuming and resource-intensive, which is why—with the support of the Wisconsin Counties Association, the League of Wisconsin Municipalities, Green Tier Legacy Communities, the Wisconsin State Energy Office, von Briesen & Roper, s.c., and WECC (Slipstream)—Wisconsin local governments established the Wisconsin PACE Commission. The Commission developed PACE Wisconsin, an efficient and cost-effective solution for administering a uniform PACE program throughout the state.
Launched in November, 2016, PACE Wisconsin facilitates a low-cost, open-market C-PACE program that is uniform for Wisconsin member counties. In this session, Mr. Stringer and Mr. Hochkammer will provide an overview of PACE Wisconsin’s partnerships and organizational structure, as well as the benefits of participation for all stakeholders.
PACE Wisconsin is an innovative program that enables commercial property owners to obtain low-cost, long-term non-recourse financing for energy efficiency, renewable energy, and water conservation building improvements. C-PACE financing is voluntary and allows commercial property owners to obtain financing for eligible projects, typically through private capital providers, and to repay the financing through an assessment added to the property taxes for that property. C-PACE has the potential to unlock savings opportunities for local businesses, to upgrade or facilitate retrofits for aging properties, to stimulate high performance new construction and to contribute to state environmental conservation and renewable energy goals. C-PACE is a powerful tool for local governments interested in offering more economic development opportunities for their communities.
For local contractors, C-PACE means more business and more local hiring. For capital providers, C-PACE can be an appropriate financing tool to replace or supplement conventional debt financing. For Property Owners, C-PACE financing can offer long-term, fixed rate non-recourse financing with no upfront costs to install equipment that can generate positive cash flow upon completion. The term of a C-PACE financing may extend through the useful life of the improvement, which may be as long as 20-30 years, and can result in cost savings that exceed the amount of the C-PACE financing. The result is improved business profitability, increased property value, and enhanced sustainability.
Kathy Davies, email@example.com