Friday, August 21, 2015

New energy efficiency business model with no upfront costs

Historically upfront costs were the greatest barrier to energy efficiency upgrades. The Property Assessed Clean Energy (PACE) program in California created the ability to use energy cost savings as a source of cash.
It uses the money that is already being spent every day on wasted energy to pay for energy efficiency improvements yielding long-term benefits. The program provides long term financing for energy efficiency upgrades and requires the project to produce a positive cash flow from day one.  Read more at