Greenworks Lending worked with RDM Pros and Onital Energy to finance the project utilizing C-PACE financing, which is cash flow positive, and is administered through the Texas PACE Authority. This is the first C-PACE project that Greenworks Lending has funded in Texas. This is precisely the kind of project that helps a community, and beyond that a state, see who commercial PACE is designed for and how it can serve as a catalyst for mid to small commercial properties to make the shift to better energy solutions, said Greenworks Lending Project Lead Steve Brown. Eighty-seven percent of commercial buildings say they lack access to sufficient capital for the best energy solutions. These owners are typically limited to using scarce operating dollars to patch up old equipment or replace it piecemeal. Commercial PACE is designed to solve the financial equation that allows them to join much larger properties in having access to best in class energy options. Brazos County is a center of innovation and Texan common sense. The commercial PACE program adopted by the Commissioners Court is a perfect example of local economic development that benefits the entire community, said Charlene Heydinger, president, Texas PACE Authority. We are especially excited that this first Brazos County project demonstrates the great benefits of the C-PACE program to small business. About Greenworks Lending: Greenworks Lending is an energy efficiency and clean energy financing company that invests in commercial real estate with webpage the goal of improving cost and energy performance. Greenworks Lending finances 100 percent of the hard and soft costs for qualifying projects through the Property Assessed Clean Energy (PACE) program. Founded by developers of the most successful commercial PACE program in the U.S., the team at Greenworks Lending has more commercial PACE experience than anyone in the industry.
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