Podcast: Business Growth Through Property Assessed Clean Energy

Location Cubed

In this episode of Weaver: Beyond the Numbers, Location Cubed, hosts Howard Altshuler and Aaron Grisz dive into the world of Property Assessed Clean Energy (PACE) financing and its impact on business growth. Joined by Glenn Silva, the COO of Lone Star PACE, the discussion centers on how PACE financing can be a game-changer for commercial real estate development.

Key Points:

• PACE financing offers long-term, affordable solutions for commercial real estate projects, enabling developers to meet and exceed sustainability goals.
• PACE is tied to the property, not the borrower, providing secure financing options to enhance cash flow and reduce energy and water consumption.
• As traditional financing becomes more expensive and less accessible, PACE fills the gap, helping developers navigate challenges like rising construction and insurance costs.

In this engaging discussion, Silva outlines the fundamental advantages of PACE financing, emphasizing its role in fostering sustainable development. By allowing developers to finance energy-efficient upgrades over the long term, PACE enables properties to go “above code,” meeting higher standards without the typical financial burden. This type of financing is particularly beneficial in today’s environment, where rising costs and market uncertainties have made traditional bank financing less attractive.

“PACE financing isn’t just about getting a loan; it’s about securing the future of our buildings and our planet,” Silva said. “It’s a win-win for developers and the environment.”

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