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C-PACE


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What We Do

Innovative Initiatives

Our experienced staff is on the cutting edge of this New York State initiative. Contact us today to learn more about how we can help lead you, your building owner, develop through the C-PACE program.

100% financing for property owners

Per the Energy Improvement Corporation (EIC), Commercial-Property Assessed Clean Energy (C-PACE) financing programs use authority given to a municipality to offer 100% financing for property owners to fund energy efficiency and renewable energy projects for new and existing commercial buildings. The property owner agrees to repay the financing through a special assessment attached to the existing property taxes.  New York State has recently approved C-PACE financing for private sector Green Energy Initiatives. The program will provide 100% financing for approved energy projects that reduce utility usage over the life of the building. These energy saving projects are no longer bound by 3-5 year payback calculation but are financed with no up-front costs over longer, customizable terms. This is a means of completing energy projects that have longer term energy paybacks that have historically been tabled due to the present value of funds available.

Example:

LED Lighting Upgrades - a complete re-lamping of a 50,000 square foot office building would save approximately $18,000 annually. The initial investment exceeds $126,000, which is roughly a seven-year payback. NYSERDA rebates on bulbs is only about $7,200. For the building owner, the up-front costs are not very attractive. Solution: C-PACE will provide 100% financing. Approved Capital Providers (lending institutions) are accepting 10-year (or longer depending on the investment size) terms at negotiated fixed rates. Local municipalities are guaranteeing the loans by attaching it to property taxes. The mortgage holding institution also has to sign off on the loan. The monthly payment of $1,102.50 can be easily included in the property's annual operating budget. Soft costs and engineering costs are included for the Program Developer (in this case, HUNT Property Solutions). This is a great opportunity for building owners to implement these long dormant, but much needed, energy conservation measures.  There are many other Green Initiatives that are identified during a Facility Condition Assessment provided by HUNT Property Solutions as the designated Program Developer. Source: https://www.eicpace.org/

Service Highlights

  • Green Energy Initiative
  • reduce utility usage
  • 3-5 year payback calculation
  • no up-front costs

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What our Customers are Saying

Tom Bernard Financial Director, Quebecor

It has been my great pleasure to deal with HPS as a provider of facility management and Engineering services. HPS has been instrumental in helping QW identify hundreds of thousands of savings in energy consumption, security costs, maintenance and ongoing facility management.

What our Customers are Saying

Joseph P. Brennan Senior Vice President, S&T Bank

I toured many locations throughout downtown Buffalo, seeking office space for opening a branch office in a new market. The moment I walked into the office in Brisbane, I knew that I found the very best spot to establish our presence. The buildout and move-in process were both made as seamless as possible, and the ongoing service makes for a welcoming environment. During the ongoing pandemic, I worked in my office daily as a member of an essential industry, and the conditions and security remained excellent on all facets.

What our Customers are Saying

Dan Hart Director, Kleinhans Music Hall Society, Inc.

The Buffalo Philharmonic Orchestra and Kleinhans Music Hall Management Inc. have been working with the HUNT Property Solutions team for over two years now. For us, engaging them was one of the best decisions we have ever made. The experience they bring to the table for building maintenance and management has made a tremendous difference, not only in the vast improvement in building operations, but also because we can keep focused on our mission and programs - making Buffalo a better place through the power of music.

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