Financing Your Green Energy Projects
Funding Options available to Multifamily Affordable Housing (MFAH) and Disadvantaged Communities (DAC)
Debt Financing
Description
Traditional Long-Term Debt financing
Construction funds for completion of a GREEN project
A Bridge Loan is a loan secured by expected incentives and repaid when applicant receives those incentives
Minimum Loan Size
$100,000
% Loan Financing Available
85%
85%
85% - 100%
Eligibility Requirements
- Multifamily Affordable Housing
- Disadvantaged Communities
Eligible Projects
- Green upgrades in MFAH properties
- Solar and/or Energy Storage projects
Energy Financing
Description
Property owners can use an EPC to pay for today's facility upgrades with tomorrow's energy savings - without tapping into capital budgets.
Property owners can choose to participate in a PACE program and repay their improvement costs over typically 10 to 20 years, through a voluntary property tax assessment, which is secured by the property itself and not the owner and transfers to any new owner.
A PPA/Lease is a financial agreement whereby a project developer sells the power generated at the host site to the host customer at a fixed rate that is typically lower than the local utility's retail rate..
Minimum Loan Size
$100,000
% Loan Financing Available
80% - 100% Variable
Eligibility Requirements
- Multifamily Affordable Housing
- Disadvantaged Communities
Eligible Projects
- Green upgrades in MFAH properties
- Solar and/or Energy Storage projects