Exploring The Types of Projects Supported by PACE Financing

Planning to make some essential upgrades to your property to make it sustainable and energy efficient? Then you should consider applying for a commercial PACE loan as it could cover all your necessary expenses. 

PACE loans are ideal for carrying out new construction projects and also for retrofitting existing buildings. Making renewable energy changes to a commercial real estate (CRE) property reduces its carbon footprint. It also improves your market reputation and boosts your business prospects. Structurally safe and environment-friendly properties also attract better tenants.  

PACE financing companies in Oklahoma are always ready to help CRE clients when they seek loans for upgrading their properties. With their help, you get a low-cost, long-term loan to cover the costs of your property enhancement goals. This provides you with the flexibility you need to make the changes while using your resources smartly.            

Types of Projects Supported by PACE Loans 

You can use a PACE loan for a broad range of projects, some of which are discussed below.  

HVAC systems

HVAC systems play an important role in maintaining the ambient temperature inside the property. Well-functioning heating, ventilation, and air conditioning systems help to keep energy bills low. So when you replace old HVAC systems with new ones, they can cut down on your energy expenses significantly.

Insulated Doors and Windows 

Setting up doors and windows with better insulation enables you to reduce energy loss and keep people inside comfortable. Insulation helps to keep your rooms warm in the winter and cool in the summer.

Lifts and Escalators

Lifts and escalators are necessary to move across different floors in a building. Installing new escalators and lifts allows you to save on electricity bills and improve operational efficiency within the building. 

Renewable Energy Systems

Installing solar panels and wind turbines is a great way to produce clean and renewable energy for your daily productivity. Renewable energy systems are eco-friendly and they help you to be compliant with environmental regulations.

Seismic Upgrades 

Making a building resilient against potential seismic activities or earthquakes keeps everyone on the property safe. By retrofitting your commercial property, you can make it resilient to earthquakes. Such changes also protect the building from floods and hurricanes. 

Building Automation Systems

Implementing building automation systems like smart thermostats and occupancy sensors allows you to improve your property’s energy usage. This lets you cut down on energy wastage and boosts overall functional efficiency. 

Water Conservation Systems 

Water is a vital natural resource that we use extensively in our day-to-day lives. Installing water-saving fixtures and components like showerheads, faucets, and low-flow toilets allows you to conserve water and use it smartly. 

LED Lighting

LED lights are highly energy efficient and they can reduce your electricity bills significantly. Since these lights offer many years of stable performance, you do not have to change them frequently. Therefore, installing these lights can also reduce costs for regular maintenance.  

Roofing Enhancements 

Changing the roofing structure and its materials is a good way to improve your property’s energy efficiency. Insulated roofing and cool roofs are perfect for keeping your roof cool throughout the day. Installing reflective materials on the roof is also an effective way to minimize heat absorption.    

Conclusion 

Commercial PACE loans offer convenient financing options for property owners to manage the cost of eco-friendly building modifications. From water conservation to renewable energy, insulation to seismic enhancements, these loans can finance a broad range of property modifications. PACE loan providers in Oklahoma offer complete support to clients when they need financial assistance for their projects. You can consult with PACE loan experts like C-PACE.com to have complete knowledge about the loan application process.