The document discusses Property Assessed Clean Energy (PACE) financing from Figtree Energy Resource Company, which provides upfront financing for commercial property owners to implement energy efficiency, renewable energy, and water conservation upgrades with no minimum credit score or income requirements needed. PACE financing is assessed on the property's tax bill and payments can transfer to the next owner if the property is sold, while the upgrades save thousands in annual energy costs and help comply with new environmental regulations.
Introduction to sustainable building and rating systems. Summary review and discussion of legal issues and considerations in real estate development, design, construction, and leasing contracts. Discussion of sustainable building ordinances in the metro Atlanta area, including the sustainable building ordinance being considered by the City of Atlanta.
Proposal to encourage and incentivize privately financed energy efficiency im...Rudi Halbright
“Buildings represent roughly 40 percent of US
energy consumption. The amount of savings
available where you can do a systems engineering
approach is staggering -perhaps as much as 80
percent. So this is not really low hanging fruit. This
is really fruit lying on the ground.”
- Secretary of Energy, Steven Chu
Presented at a round table of the Commission for Environmental Cooperation and its Trilateral Green Building Construction Task Force during GreenBuild in San Francisco, California, on November 13, 2012.
Introduction to sustainable building and rating systems. Summary review and discussion of legal issues and considerations in real estate development, design, construction, and leasing contracts. Discussion of sustainable building ordinances in the metro Atlanta area, including the sustainable building ordinance being considered by the City of Atlanta.
Proposal to encourage and incentivize privately financed energy efficiency im...Rudi Halbright
“Buildings represent roughly 40 percent of US
energy consumption. The amount of savings
available where you can do a systems engineering
approach is staggering -perhaps as much as 80
percent. So this is not really low hanging fruit. This
is really fruit lying on the ground.”
- Secretary of Energy, Steven Chu
Presented at a round table of the Commission for Environmental Cooperation and its Trilateral Green Building Construction Task Force during GreenBuild in San Francisco, California, on November 13, 2012.
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PACE and Affordable Housing: Find out how Property Assessed Clean Energy (PACE) financing can fund clean energy retrofits and help solve broader financial challenges for affordable housing developers, owners, and property managers by providing a new capital solution for affordable housing preservation.
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A real look at solar for cold storage- solar energy for cold storage HelioPower
The article assists facility managers in deciding if they will receive a valuable ROI from installing solar systems. The included map helps managers determine their solar resource measured by kilowatt hours per square meter per day. That number can then be put into a formula to determine approximate energy cost savings. The article uses Giumarra Vineyards as a case study to show how the formula works. The article goes further to discuss photovoltaic technology, the solar panel market, mounting solutions, financing and tax incentives and energy analytics.
This billing booklet looks at changes to flexible working, and how you can adopt to ensure your business benefits from new employment trends. In this issue you can also learn about networking, and how the npower Energy Services connections team works with new wind farms.
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This presentation covers the applicability of three benefit-cost analyses within the housing sector. The three models cover the following situations: a) a builder advocating a temporary buydown mortgage for a buyer who is interested in one of his properties in a soft market; b) a home buyer who contemplates the net benefits of an energy-efficiency upgrade; and c) an illustration of a pro-active homelessness prevention program.
Jon Hillis | Innovation Showcase | 2014 Solar SymposiumGW Solar Institute
This is an Ignite Style presentation (five minute max presentations with slides that automatically advance every 15 seconds) that was a part of the 2014 Solar Symposium Innovation Showcase.
Jon Hillis, Vice President, Prospect Solar
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Take advantage of green tax planning opportunitiespquimby
Legislation over the last several years has greatly expanded the universe of energy tax incentives available to ordinary businesses. The bulk of these incentives are geared toward conservation, energy efficiency, and alternative and renewable fuels. Businesses can also take advantage of many of the energy tax incentives meant for consumers or the energy industry.
Bracken Hendricks | Innovation Showcase | 2014 Solar SymposiumGW Solar Institute
This is an Ignite Style presentation (five minute max presentations with slides that automatically advance every 15 seconds) that was a part of the 2014 Solar Symposium Innovation Showcase.
Bracken Hendricks, CEO, Urban Ingenuity
PACE and Affordable Housing: Find out how Property Assessed Clean Energy (PACE) financing can fund clean energy retrofits and help solve broader financial challenges for affordable housing developers, owners, and property managers by providing a new capital solution for affordable housing preservation.
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AlveCor Energy Solutions offers High-Yield Energy Savings Solutions for large electric purchasers. If you want to save a minimum of 8% per year on your electric costs and earn a GUARANTEED minimum of 33% annual interest on your investment, contact us. We'll conduct an initial evaluation of your situation for free and tell you if you qualify.
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https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
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The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
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1. Insights into integrating generative AI.
2. Understanding how this integration enhances test automation within the UiPath platform
3. Practical demonstrations
4. Exploration of real-world use cases illustrating the benefits of AI-driven test automation for UiPath
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What is generative AI
Test Automation with generative AI and Open AI.
UiPath integration with generative AI
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Paper: https://eprint.iacr.org/2023/1886
GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
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Leonard Jayamohan, Partner & Generative AI Lead, Deloitte
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Presented by Vladimir Iglovikov:
- https://www.linkedin.com/in/iglovikov/
- https://x.com/viglovikov
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People: The contributors and community that have supported Albumentations.
Metrics: The success indicators such as downloads, daily active users, GitHub stars, and financial contributions.
Challenges: The hurdles in monetizing open-source projects and measuring user engagement.
Development Practices: Best practices for creating, maintaining, and scaling open-source libraries, including code hygiene, CI/CD, and fast iteration.
Community Building: Strategies for making adoption easy, iterating quickly, and fostering a vibrant, engaged community.
Marketing: Both online and offline marketing tactics, focusing on real, impactful interactions and collaborations.
Mental Health: Maintaining balance and not feeling pressured by user demands.
Key insights include the importance of automation, making the adoption process seamless, and leveraging offline interactions for marketing. The presentation also emphasizes the need for continuous small improvements and building a friendly, inclusive community that contributes to the project's growth.
Vladimir Iglovikov brings his extensive experience as a Kaggle Grandmaster, ex-Staff ML Engineer at Lyft, sharing valuable lessons and practical advice for anyone looking to enhance the adoption of their open-source projects.
Explore more about Albumentations and join the community at:
GitHub: https://github.com/albumentations-team/albumentations
Website: https://albumentations.ai/
LinkedIn: https://www.linkedin.com/company/100504475
Twitter: https://x.com/albumentations
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1. What will you do with
Your Reen Savings?
Introducing PACE Financing for energy upgrades
In these times of soaring energy costs and new environmental regulations, it’s time to protect your finances. Property Assessed Clean
Energy (PACE) financing from Figtree Energy Resource Company can help you turn your energy and water bills into thousands of
dollars in savings each year through easy-to-implement energy efficiency, renewable energy, and water conservation upgrades.
It’s a timely opportunity that can save you money and preserve precious natural resources.
As a California commercial property owner, you are prequalified for upfront PACE financing. This unique program has been adopted
by numerous California cities, which enables Figtree to offer financing based on property value. Qualifying for PACE financing
requires no minimum credit score, no income hurdles, and no personal guarantee. Additionally, the balance can transfer to the
next owner if you sell the property – you pay for only the benefits you receive. Payments are made as assessment installations on
your property’s tax bill, but participation is completely voluntary and the program does not rely on public funds.
“In these times of
soaring energy costs
and new environmental
regulations, it’s time to
protect your finances.”
Hundreds of Ways to Save Better than
Conventional Loans
Heating & Air Conditioning Solar thermal water heaters
Boilers & Chillers Pool equipment No-money-down
Lighting Programmable thermostats Simple qualification process
Energy management systems Solar photovoltaic systems No personal guarantee
Windows & Exterior doors Solar reflective roofing Lien transfers upon sale
Occupancy sensors Water-efficient plumbing fixtures Fixed rate
Electric vehicle charging stations And many more Longer terms
About Figtree Energy Resource Company
Figtree Energy Resource Company is committed to making financial sense of the clean energy movement. Our extensive background
in finance and built environments enabled us to develop Figtree's unique PACE program, a privately-financed municipal program that
addresses a gap in traditional financing to bring energy and water efficiency property improvements within reach for virtually any
commercial property owner.
Www.FigtreeCompany.com — 877.577.7373
2. Financial Planning
Considerations
Full service, Free Market Financing Model
Full Service: Figtree manages the financing process from application through disbursement of funds.
Free Market: Figtree funds projects through various sources to provide the best available rate and terms.
Maximum Financing
The maximum amount of PACE financing available to any property owner is determined by the Total Property Value or Net Taxable
Value of the property as recorded by the County Assessor. The maximum financeable amount is calculated as:
10% x Net Taxable Value = Maximum PACE Financing at Lowest Available Rate
20% x Net Taxable Value = Maximum PACE Financing at Tier 1 Rate
Minimum financing is $5,000.
Interest Rate
Market Rate: The interest rate for each financing is set by the current market for PACE bonds. Our multiple funding sources ensure
that your rate is the best available.
Fixed Rate: PACE financings feature a fixed interest rate for up to 20 years (determined by useful life of improvements).
Target Rates as of May 2012: Lowest Available Rate: 7.99% Tier 1 Rate: 8.99%
Accounting Treatment
Depreciation Tax Benefits: Certain improvements will qualify for accelerated depreciation.
Investment Tax Credits: Many energy efficiency and renewable energy measures qualify for investment tax credits, which require
sufficient tax liability for eligibility.
Rebates: Income from rebates issued by utilities, state agencies, and others is typically taxable.
Interest Deduction: A schedule of payments allocated between principal and interest will be provided by Figtree at disbursement.
Helpful Tip: See Title 26, United States Code, section 164(c) Deduction denied in case of certain taxes.
“No deduction shall be allowed for the following taxes: (1) Taxes assessed against local benefits of a kind tending to increase the
value of the property assessed; but this paragraph shall not prevent the deduction of so much of such taxes as is properly allocable
to maintenance or interest charges.”
Figtree cannot provide official accounting guidance. Please consult your Certified Public Accountant or tax advisor.
Cash Flow Decision
PACE financing changes the investment decision from
payback to cash flow because the financing is provided
upfront with no-money-down.
From the onset, energy and water efficiency upgrades
can create positive cash flow as savings fully offset the
cost of financing. Cash flow typically grows over time as
energy rates rise and, when the PACE assessment is
paid off, well-maintained equipment can continue to
produce savings for years to come.
3. Community and
Environmental Benefits
Economic Growth
Why keep spending excessive utility rates when improving your property’s energy efficiency and even installing a
renewable energy system is economical and easy to do? Energy efficiency and renewable energy projects are
proven ways to put money back into your community with cash savings, new jobs, better-performing businesses,
and improved property values.
Study finds that “tenants in green buildings
experience increased productivity and fewer sick
days, and that green buildings have lower vacancy
and higher rental rates.”
CB Richard Ellis, 2009
Cleaner Air
Energy efficiency and renewable energy upgrades reduce your dependence on
conventional fuels that produce greenhouse gases and particulates, which
contribute to environmental damage. By updating your property or installing a
renewable energy generator like solar photovoltaic panels, you’re doing your part
to clean up the environment. And PACE financing can help you or your business
save loads of money in the process.
Regulatory Compliance
PACE financing can help you get ahead of the curve as the State of California and local government agencies tighten environmental
policies. Commercial and industrial property owners may face higher energy rates and penalties for emissions, which can be avoided
by a variety of easy-to-implement improvement projects. Current regulations under AB-32 require a reductions in emissions and 30%
of energy to be supplied by renewable sources by 2020. Additionally, under AB-1103, commercial property owners are required to
disclose the energy efficiency of their buildings upon sale or leasing. Figtree can help you make sure your properties are protected.
PACE Helps Property Owners:
Create and Retain Jobs
Attract New Customers
Increase Productivity
Increase Property Value
Improve Tenant Retention
Reduce Operating Expenses
4. Special Considerations
For Tenant-Occupied
Properties
The “Split Incentive”
The Problem:
Energy-efficiency upgrades require building owners to bear a project’s expense while tenants receive financial benefits through
reduced building operating expenses. This “Split Incentive” disincentivizes many property owners from doing efficiency upgrades.
The Solution: Energy Aligned Lease Provision
A study commissioned by the Mayor of New York City Office of Long Term Planning and Sustainability (OLTPS) indicates that pass-
through lease structures can make energy efficiency upgrades net present value (NPV) positive for both owners and tenants. Even if
the improvements substantially underperform expectations, the downside risk to both parties is considered to be nominal in
comparison to the cost of owning, occupying, and operating a commercial building.
The OLTPS Recommendation
The study produced a consensus that energy efficiency savings are typically within +/- 20% of predicted savings (as variations occur
due to external variables and occupants’ energy-use habits). The capital expense pass-through model in the study was based on
limiting the pass-through to 80% of predicted savings annually. In turn, tenants were buffered from underperformance and benefitted
when the improvements performed as expected. Property owners benefitted from recovering the cost of improvements while making
needed upgrades to their real estate assets.
Why Energy Aligned Lease Provisions Work Support for Energy Aligned Lease Provisions
Language can be inserted into typical commercial leases US Green Building Council
Both parties save money Real Estate Board of New York
20% buffer protects tenants from underperformance Cushman & Wakefield
Owners recover their costs and improve their properties Ernst & Young
For more information visit: http://www.nyc.gov/html/planyc2030/downloads/pdf/energy_aligned_lease_official_packet.pdf
5. Participating Cities
And Counties
Active Figtree PACE Programs as of May 31, 2012
County of Alameda (unincorporated areas) Kerman
County of Kern (unincorporated areas) Palm Springs
County of Lake (unincorporated areas) Pittsburg
Adelanto Rancho Cordova
Calipatria Redlands
Clovis Sanger
Dublin South San Francisco
Exeter Vacaville
Farmersville Woodlake
Fresno
Future Growth Goals
County of Alameda (incorporated areas) County of Santa Clara (incorporated areas)
Berkeley Cupertino
Fremont Milpitas
Hayward Palo Alto
Oakland San Jose
Union City Sunnyvale
County of Los Angeles (selected areas) County of Sacramento (selected areas)
Commerce Citrus Heights
Industry Elk Grove
County of Kern (incorporated areas) Folsom
Bakersfield
6. Is PACE Financing
For You?
Self-Qualification Questionnaire
1. Do you own a commercial property (i.e., residential properties Yes No
with more than 4 units and all other properties)?
2. Is maintaining your cash reserves and/or credit capacity a Yes No
priority?
3. Do equity requirements make it difficult to find bank financing for Yes No
improvement projects?
4. Is improving cash flow an important investment criterion? Yes No
5. Do you value the option to transfer the outstanding balance of Yes No
financing for property improvements to the next owner if you sell
your property before the financing is fully paid-off?
6. Do you have an appetite for investment tax credits and Yes No
depreciation tax benefits?
7. Are the mechanical systems (e.g. HVAC, water heating), lighting Yes No
systems, and/or plumbing fixtures in your building(s) over 10
years old?
8. Does your property have deferred maintenance issues? Yes No
9. Do you avoid investing in energy-efficiency upgrades because Yes No
your property is tenanted?
10. If you were to install solar panels, would you prefer to own them Yes No
(as compared to leasing) in order to take advantage of tax credits
and depreciation tax benefits?
If you answered “yes” to the majority of these questions, Figtree PACE is your best financing option!
Contact a Participating Contractor or Figtree Energy Resource Company for resources to help you reach your energy-savings goals.
Www.FigtreeCompany.com — 877.577.7373
7. How to Apply for
PACE Financing
Information You’ll Need
Assessor’s Parcel Number (APN)
Can be found on a prior property tax statement
Current Mortgage Balance (if applicable)
Original Mortgage Balance (if applicable)
Check for payment of Application Fee of $395
Please submit by mail upon completing application online
A copy of your property tax statement will help you complete the application.
Supporting Documents
Listed in Application Form (e.g. Organizational Documents if not owned by an individual)
Apply Online
How to Apply
1. Visit www.FigtreeCompany.com
2. Click “Apply for Financing” (circled at left)
3. Choose the “Commercial” option
4. Proceed with instructions on the Application
Form
5. Mail your Application Fee and Supporting
Documents
Apply by Mail
If you prefer to fill out a paper application to submit by mail, please download the form from
www.figtreecompany.com/pdf/pace-application-commercial.pdf or contact a Figtree Representative at 877.577.7373.