Using C-PACE to Protect the Texas Power Grid
-
Using C-PACE to Protect the Texas Power Grid
Triple-digit temperatures have once again arrived in Texas, putting immense strain on the state’s power grid as homes and businesses crank the A/C. The summer heat comes as thousands of new residents move into the state. Historic population growth, combined with the rise of artificial intelligence, cloud computing and bitcoin mining, are pushing demand for…
-
Sharpening Your Building’s Competitive Edge With C-PACE
The value of sustainable buildings is well documented, with rental premiums of 6% and sales premiums of 7.6% across commercial properties. Companies are willing to pay more for energy-efficient buildings if they expect those upgrades will translate to lower operating costs. The problem today is that finding those types of properties has become increasingly difficult.…
-
2024 Expected to be Another Record-Setting Year for PACE
PACE issuance got off to a strong start in 2024 as property owners looked to offset a lack of available bank debt with alternative financing solutions. PACE asset-backed securities volume totaled about $362 million through June 7, according to a new report from Morningstar DBRS. The robust volume comes on the heels of a record-setting…
-
Hotels Are Harnessing the Power of PACE to Meet Sustainability Goals
Amid widespread demand for sustainability and low-cost debt, one asset type is leading the charge for Texas’ Commercial Property Assessed Clean Energy program. Hospitality groups are increasingly turning to C-PACE to help finance new and existing projects, with half of loans administered by Lone Star PACE so far this year tied to hotels. Owners are…
-
How Hotel Property Owners Can Afford to Maintain Sustainability
To provide services for guests, hotel properties are prone to consuming a high volume of energy and water. Heating, cooling, lighting, laundry, irrigation, and operating swimming pools are just some of the activities that drive usage. Just how much? A recent report from the Urban Land Institute reveals that hotels are among the highest energy…
-
Mixed-Use Property Owners Maximize Business Potential With C-PACE
According to data from the Department of Energy, there are nearly 6 million commercial properties in the U.S., utilizing 97 billion square feet of floor space. Collectively, this sector spends $190 billion on energy, creating an opportunity for businesses to improve efficiency and reduce costs around heating, cooling, lighting, and water. For mixed use property owners…
-
Why Retail Property Owners Should Consider Energy and Water Upgrades
As retail property owners adjust to a new normal and reimagine business models, controlling costs will be critical to success. Retail properties use an average of 18.3 kilowatt-hours (kWh) of electricity per square foot annually, with 60% of it consumed by lighting, heating and cooling. Lighting alone represents 25% of usage! You have an opportunity…
-
How to Retrofit Office Buildings With Efficiency Upgrades Without Breaking the Bank
Hot summer days and cold winters can be expensive for office building owners. According to the EPA, heating and cooling is one of the top uses for water consumption in office buildings. Energy represents nearly 20% of operational costs with more than 50% of energy use in the average office building coming from lighting, heating,…
-
How C-PACE Helps Industrial Property Owners Save On Energy and Water
Outdated, inefficient HVAC systems, lighting, water management and insulation are costing industrial property owners. According to data from the U.S. Energy Information Administration, the industrial sector consumes a considerable amount of energy in the U.S., accounting for 36% of total end-use energy consumption. Water consumption resulting from industrial processes and heating and cooling also adds up,…
-
Using C-PACE to Finance Energy and Water Upgrades at Multifamily Properties
Energy expenses can be one of the largest operating costs for a multifamily building. Water usage can add up too, especially in Texas where water expenses are the 10th highest in the country. It doesn’t help that energy and water expenses are variable, making the costs unpredictable for you and your tenants. To reduce costs, multifamily…