What is Synergy Pace Commercial?
Property Assessed Clean Energy (PACE) is a legislated public/private partnership which creates a new financing option for your capital stack. Your construction budget can use our private capital funding for costs which impact energy & water spend, renewable improvements or seismic strengthening (select states). The repayment of our capital is made through a long-term special tax assessment on the property.
SYNERGY-PACE designates the Commercial version of PACE. Synergy Pace Equity exclusively funds commercial real estate projects.
Can I use Synergy Pace Commercial and get green building verification?
Which Improvements are Eligible to Calculate Available Funding?
HVAC equipment & controls
Indoor air quality
Seismic & resiliency
Indoor & outdoor lighting
Elevator / escalator
Insulation & envelope
Battery Backup Systems
Keep in mind that this is not an exhaustive list; every state has unique options for eligibility. Some states have special “Savings to Investment Ratio” requirements. In all cases, states and municipalities want to encourage sustainable building practices. SYNERGY-PACE financing provides a win for developers/owners AND for communities.