Denver Business Journal recently published an article featuring PACE Equity and the Sloans Lake Flats project currently under construction in Denver, Colorado. PACE Equity was hired to provide project governance, energy engineering and funding for Leon Cisneros and Courtney McRickard, the developers on the project.
Colorado’s Commercial Property Assessed Clean Energy program is overseen by the statewide New Energy Improvement District (NEID) board of directors and aims to help finance projects that in the past have been difficult to do because they didn’t meet the typical return on investment requirements for office or multi-family apartments.
Paul Scharfenberger, chairman of the NEID board and director of finance at Colorado Energy Office, said he was pleased that the project is moving forward — and expects more to come. "We're encouraged by the number of projects that have reached out to us about participating in the C-PACE program," said Scharfenberger.