PACE Loans in the State of Ohio

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PACE Equity Funds Local Developments

PACE Equity serves the state of Ohio with commercial real estate financing using Commercial Property Assessed Clean Energy (C-PACE) loans. The state of Ohio allows this financing option to encourage energy efficiency in the local building stock. The C-PACE financing can be used for new construction, redevelopment, renovation, refinancing, and renewable energy projects. Our firm provides C-PACE loans for up to 30% of the capital stack (or 100% for solar and other renewable energy projects). Since 2014, PACE Equity has funded well over 200 PACE projects with a focus on delivering improved return on equity for our clients.

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CIRRUS

PACE Equity also offers an innovative low carbon C-PACE financing option called CIRRUS Low Carbon which combines C-PACE financing with a green building designation. The program provides financial benefits, including a substantial rate reduction, for pursuing enhanced energy efficiency. This efficiency improves the carbon footprint of the building which makes it more appealing to your tenants. We even help you by coaching you through the design changes necessary to secure the lower rates.

CIRRUS Low Carbon Details

PACE Financing Expert

Ohio Managing Director

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David Oliverio is our Ohio Managing Director. David has more than 35 years of corporate finance and commercial banking experience. He is a known leader in the PACE financing world, having closed $132 million in PACE loans on over $500 million in commercial construction projects. Reach out to him to schedule a meeting and discuss your next project.

Local PACE Programs

C-PACE eligible improvements in Ohio are divided into five types: solar photovoltaic (PV), solar thermal, geothermal, energy efficiency improvements, and customer-generated energy projects. PACE Equity coverage area in Ohio is constantly expanding with new Energy Special Improvement Districts being added frequently. Many Ohio ESIDs require a minimum of 3% savings over code for energy efficiency improvements. In Columbus, the ESID offers further incentives for projects with combined energy savings over 35% above building code baseline. PACE Equity’s experienced Energy Engineering and Building Optimization Teams take care of the energy audit and program application. Our streamlined process carries you through from end-to-end.

Relevant PACE Equity Case Studies for the State of Ohio

Here are some recent case studies of projects you might find interesting. We’ve got more project stories that show the many ways we’ve helped deliver PACE financing.

Questions? Interest? Ready for more? Let’s connect.

Here is where we can fund projects today

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