|LA County Program Available for Building Upgrades|
As a property owner or manager, you know that lowering your building’s operating costs is important to your bottom line and cash flow. By upgrading or retrofitting your building to use less energy and water, or produce clean energy, you can save money on your utility bills while increasing your property’s value.
In an effort to make these energy improvements more attainable for property owners, Los Angeles County is now offering the Property Assessed Clean Energy (PACE) Financing Program for these types of improvements. Unlike a traditional loan, PACE financing is paid back via an assessment on the property tax bill.
Los Angeles County’s PACE financing allows owners of commercial properties to finance up to 100 percent of the cost of installing energy-efficient, renewable energy and water-saving improvements and immediately enjoy the benefits of lower utility bills.
Other benefits of financing energy improvements through PACE include:
Please visit Los Angeles County’s PACE website at www.lapace.org for more information and fill out a FREE initial application to determine whether PACE financing is right for your project.