Getting Ahead In The PACE Funding Race
Law360, New York (December 06, 2011, 1:09 PM ET) -- Property Assessed Clean Energy (PACE) legislation has been enacted in 27 states and the District of Columbia and will offer significant opportunities for owners of commercial facilities (e.g., office, retail, and industrial) (owners), PACE lenders and bondholders (program lenders), Energy Service Companies (ESCOs), existing property lenders (banks) and third-party administrators (TPAs) to benefit from a tax lien financing program that provides a business owner the ability to install energy retrofit equipment and components that could possibly create cash flow from day one and allow the owner...
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