Learn the four major types of energy efficiency financing, what you need to know to understand financing options, and education strategies for achieving better understanding of energy efficiency and financing options. Visit our website at http://greenleadersdc.com
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In this workshop, we discuss the growing energy efficiency finance marketplace. Despite the mounting evidence of the value of investing in energy efficiency, the vast majority of commercial and industrial buildings are still costly to operate. The primary reason is that upfront capital with compelling terms and conditions has not been available to fund these kinds of investments. In this workshop, we will discuss available financing vehicles and how innovative financial products will open up the market to widespread adoption over the next five years.
Workshop leader Abigail Johnson, LEED AP O&M, is Founder and President of Abacus Property Solutions.
Prior to forming Abacus, Abigail worked for over 12 years in the commercial real estate industry, originating and underwriting the acquisition, re-finance and construction of commercial projects. Her real estate expertise is complemented by her building science background including the provision of energy audits, LEED feasibility studies, and property condition assessments, as well as urban redevelopment projects while working in Rome, Italy. Abby has authored numerous articles on energy efficiency, smart metering and green building topics.
She holds a Bachelor of Architectural History from the University of Virginia and a Master in International Economics and Management from L’Universita’ SDA Bocconi in Milan, Italy. Abby holds the LEED AP O & M designation that focuses on incorporating green building principles into existing buildings.
Abacus Property Solutions works to increase the energy efficiency of existing buildings through innovative financing and engineering solutions.
Abacus is a certified woman-owned business with offices in Virginia and California, and believes that one of the most important drivers for successful energy efficient projects is access to capital. Abacus vets and finances projects that typically result in increases in net cash flow of 5%-10+% in the short term, through reduced operating expenses, long term debt, and lower capex reserves.
The Abacus value proposition is to identify, implement and finance energy saving measures without the overhead and long term contracts of many companies. In addition, Abacus delivers innovative ideas, exceptional client responsiveness and objectivity – without ties to proprietary products or services.
PACE – Property Assessed Clean Energy:
Abacus specializes in PACE financing, a new and innovative way to finance energy efficiency and renewable energy projects in existing buildings. PACE is funded in most programs using private capital and repaid through a special assessment on the property tax roll. Typically, there is no upfront capital required to qualify, as 100% of the project costs are covered by the PACE financing. In addition to making buildings more sustainable and energy efficient, PACE is also is a great way to fund deferred capital expenditures.
As an innovator in the field, Abacus has deep knowledge of the intricacies of the various PACE programs throughout the US. Services include: arranging financing, evaluating project and borrower eligibility, obtaining consent of first mortgage holders and assisting the PACE investment community in understanding the nuances of the various programs.