Our Financial Alternatives
How Our Financing Works
Want solar without the risk of buying the panels?
Want to spend your time focused on your core business – without the hassle of managing the system?
Don’t have use for the tax incentives designed to make the panels affordable?
With a PACE Lease®, you don't have to pay the high upfront cost of panels, equipment, and installation. Instead, you pay a fixed amount for the energy that we will supply to you from the system we install on your property. It's easy and affordable – and, best of all, we don’t require a corporate or personal guarantee.
Here’s how it works:
Demeter leases your roof and installs its equipment as a leasehold improvement.
You pay nothing upfront, and then a low, fixed amount – this is easily collected as a non-ad valorem assessment on your property tax bill.
Demeter manages the equipment for the entire term of our agreement.
The advantages are numerous.
It’s affordable — and flexible. If you own the property but want to share the benefits as well as the costs with your tenants, we can structure our arrangement accordingly.
It’s hassle-free. Demeter owns and manages the equipment, so you don’t have to worry about installation, monitoring, and repairs.
It’s a fixed cost. Your payment is at a discount off your current utility rates. You have control over your energy costs with your power generated right onsite.
It’s simple. Just type in your address to see if your property is eligible – and how much you can start saving!
Is My Property Eligible?
PACE3P® is essentially PACE – but better.
PACE, or “property-assessed clean energy,” is a local-government-sponsored initiative that secures repayment for voluntary long-term financing as an assessment on the property tax bill.
To date, PACE has only been used to secure loans for property owners. Leases and other “third-party ownership” contract options, like the power purchase agreement (PPA), offer a superior value proposition to most property owners. That’s why Demeter Power pioneered the PACE Lease® and the PACE PPA™. We offer these finance options through our PACE3P® platform, which integrates seamlessly with a local government’s PACE Program.
We’re excited to be working with PACE program administrators across the country - and with the U.S. Department of Energy, through selection for a SunShot Incubator award - to demonstrate how PACE3P® will unlock the commercial solar marketplace.
Contact us if you are interested in expanding the financing options you can provide to your community through your PACE program.
Do you want solar with no upfront cost at a low, long-term, fixed price?
Are you a commercial property owner or manager that wants to increase your property’s value by generating more rent income or reduced CAM?
Or, a non-profit organization or REIT that cannot avail the tax incentives for solar installations?
Or, have you crunched the numbers and realized that purchasing an expensive system is not the best option?
Then now is the time to call Demeter Power Group and ask about PACE Lease®.
PACE Lease® is a total-cost-solution for financing solar and other innovative clean technologies like electric vehicle charging stations. Here’s how it works:
Demeter Power installs these systems for free.
Demeter returns energy savings to you as rent for your roof or parking lot. You pay Demeter a fee set to cost less than your current cost for energy. Your savings can grow more every year as utility rates rise – historically, 5% yearly.
Improve Your Property
If you sell your property, the fee is automatically transferred to the new buyer – along with the valuable improvements to your property.
No hassle with monthly bills – your fee is easily and automatically collected through your property tax bill.
We do all of the work to install, operate and maintain your system. We are responsible for repairs and insuring the system to protect from damage or theft.
Our system will perform, as promised, or we will pay you the difference.
At any time, you have the option to purchase the system at fair market value (subject to a penalty during years 1 - 5).
Solar Finance 3.0
How does PACE Lease® compare to a solar PPA or solar lease? Simple: it’s better. In almost every instance, PACE Lease® will be cheaper because your collateral is stronger. Because we look at the property as collateral and your history of on-time property tax payments, this also enables us to approve your project without a personal financial guarantee.
PACE Lease® is not available in all areas. To find out if Demeter Power offers PACE Lease® in your area, please either type in your address via our web-tool or call and request a free consultation.
Contact us if you are interested in learning more.
Or, simply type in your address to see for yourself if you are eligible and how much you can start saving!
Is My Property Eligible?
Become A Capital Provider
In this world, nothing can be said to be certain but death and taxes.
-Benjamin Franklin, in a letter to Jean-Baptiste Leroy, 1789
Of course we want to save the planet – but we also know that it’s all about the Benjamins! For us this is true in more ways than one!
It’s fitting that this quote is attributable to Benjamin Franklin. Franklin established the first opt-in assessment district for a Philadelphia fire department in 1736. This is the powerful mechanism behind our PACE3P® finance platform.
What does a voluntary taxing district have to do with solar financing?
Well, what if a solar income stream could be as certain to an investor as taxes?
- We enable uniform credit assessment and the security of a senior property lien that is co-equal with taxes.
- We simplify collection with automatic payments through our customer’s property tax bills.
- We bring secure, scalable financing to the small and medium commercial market for the first time.
By reducing credit risk we lower the cost of capital to our customer's project – this, in turn, leads to more deal flow, larger economies of scale and better project economics.
A virtuous cycle.
Our project investors can:
- Deploy capital into commercial solar projects with more scale and uniformity.
- Receive risk-adjusted returns on their investment through our suite of innovative finance products for distributed clean and renewable energy installations.
- Oh, yeah – all this and you’re helping to save the planet!
We would love to discuss how our project investment funds can use equity, debt and tax equity investments to target this virtually untapped market.
Please contact us today if you would like to learn more.