Why a lender liked PACE enough to become a borrower

Embrace Home Loans recently chose to use commercial PACE financing to pay for roof repairs and a solar project on two buildings in its headquarters in Middletown, Rhode Island. Traditional financing for such a project would have had a maximum term of ten years, but Embrace has taken advantage of PACE financing’s longer terms, which are at least twice as long. Combined with the installer’s guaranteed energy savings, the solar panels will pay for themselves within 11 years, and the total project will be paid in 14 years.

Read the full article at National Mortgage News.