logo
logo
Sign in

How to use a PACE loan for Commercial Building Modifications

avatar
Eileen Hudson
How to use a PACE loan for Commercial Building Modifications

Are you a commercial property owner in Missouri looking to install renewable energy technologies? PACE financing will make it easier for you to cover the costs for such installations. Implementing sustainable energy upgrades is costly. With a Property Assessed Clean Energy loan, you can finance all kinds of structural changes to your property. This will benefit everyone who is using your commercial building. The PACE financing companies in Missouri can offer you custom plans to manage these building modifications. Depending on your specific requirements, you can opt for a financing scheme that suits you best. 


Here are some things you can do with a PACE loan.


Investing in Renewable Energy Sources 

Installing solar panels and wind turbines is an effective way to create clean and renewable energy. Such energy sources do not cause any environmental pollution and are therefore supportive of ecological prosperity. A PACE financing plan allows you to manage the cost of such installations, and thus abide by the environmental compliance regulations.

Clean energy is good for everyone. Hence, people who use your commercial property and those living in the local area will benefit from it. Additionally, you can also store energy produced from solar panels and sell it to others. It can work as a supplemental income source for you.     


Retrofitting your Property

Natural disasters like earthquakes and hurricanes cause major disruptions to human lives. Not only do they severely damage the structure of a property, but also cause immense financial losses. A practical way to avoid all that would be to improve the structure of your property. By making it resilient to damage, you can keep people inside it safe and protect everyone from financial losses. 

A PACE loan helps you to retrofit your property to resist seismic shifts. Even when a serious earthquake hits the area, your property will undergo minimal damage. Similarly, you will be able to prepare in advance to resist water damage and wind damage. Preparing for such calamities in advance saves you a lot of money in the future. Moreover, it brings peace of mind to everyone using the property.   


Using Insulation to Lower your Energy Bills 

Insulation is an effective way to keep your energy bills low. When you insulate the doors and windows of your property, you make it comfortable for everyone using it. Insulated windows help to keep the inner premises warm during the winter months and cool during summer. This means that you do not have to use your air conditioner to stay cool. This lowers your energy bills and you can save a substantial amount of your resources annually. 


Getting New Lifts and Escalators 

Another way to cut down on your energy bills is to set up new lifts and escalators. Over time, your old lifts and escalators have to deal with changes in circuitry and increased overall usage. This ultimately increases power consumption and gives rise to higher energy bills. 

To solve this issue, you need to get new escalators and lifts for your property and reduce the power bills. By using a PACE loan, you can easily cover the high costs of such upgrades. Even though the initial investment for new escalators is high, it will ultimately help you to save a lot. Moreover, PACE loans offer you the flexibility to make repayments over a long time. 


Conclusion 

A PACE loan is the best way to finance major building upgrades like renewable energy changes and retrofits. It can also keep energy bills low and ensure a lot of savings. Consulting with PACE financing companies like C-PACE.com will help you learn more about this type of loan.         

  

collect
0
avatar
Eileen Hudson
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more