Lime Energy in pact with Figtree Energy to offer flexible PACE financing options

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Lime Energy in pact with Figtree Energy to offer flexible PACE financing options

Greentech Lead America: Lime Energy has entered into an
alliance with Figtree Energy Resource Company. The association will assist Lime
customers to benefit from flexible PACE financing options available in the State
of California.

The Property Assessed Clean Energy (PACE) initiative
allows property owners to finance energy efficiency and renewable energy
projects for their homes and commercial buildings.

PACE will enable Lime’s California customers defray the costs
of energy improvements that can be made to their facilities. This financing
vehicle through Figtree can be used for energy efficiency, renewable energy and
water conservation upgrades to commercial properties.

“Projects that previously lacked funding now have the
ability to move forward and contribute to state energy reduction goals. Our
award winning team in California has worked with hundreds of customers to
deliver energy saving solutions and our partnership with Figtree enables us to
continue to bring high value to this market through our clean energy
solutions,” said Adam Procell, Lime’s Executive Vice President.

PACE financing is determined by land value and is repaid
via property tax bill without increasing regular property taxes for building owners.

“Figtree offers the most flexible PACE financing in
California. Partnering with clean energy firms like Lime Energy integrates the
financial and technical components of energy projects and offers building
owners immediate cash flow benefits while eliminating lengthy payback periods,”
said Ross Stout, Figtree’s Chief Operating Officer.

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