Jump to main content or area navigation.

Contact Us

Combined Heat and Power Partnership

FIGTREE (PACE)

Date Last Updated5/15/2013
Incentive TypeCommercial PACE; Loan
State/FederalCA
Incentive Administrator/Contact OfficeFIGTREE Energy Financing
Incentive Initiation Date4/1/2010
Incentive Size and Funding SourceFIGTREE provides long-term PACE financing with a fixed interest rate and no money down for a wide range of energy upgrades including electricity generating technologies such as fuel cells. FIGTREE PACE financing is based on the value of the property. The minimum financing amount is $5,000. FIGTREE offers two tiers of financing with fixed interest rates:
  • The Tier 1 interest rate is 7.99% and is fixed over useful life of improvements, up to 20 years. The maximum financing available at the Tier 1 Interest Rate is 10% of the total property value (before improvements). The sum of the annual payment and property taxes cannot exceed 3% of the Total Assessed Value.
  • The Tier 2 interest rate is 8.99% and is fixed over useful life of improvements, up to 20 years. The maximum financing available at Tier 2 Interest Rate is 20% of the total property value (before improvements). The sum of the annual payment and property taxes cannot exceed 4% of the Total Assessed Value.
The above interest rates may change based on market conditions.
Eligible RecipientCommercial and residential property owners located in designated Commercial PACE areas or Residenatial PACE areas in California.
Eligible FuelDoes Not Specify
Eligible Project Size (MW)Does Not Specify
Minimum Efficiency Required (%)Does Not Specify
Application Form(s)Commercial Financing Application
Residential Financing Application
Resource Website(s) http://www.figtreecompany.com/ exit EPA

Top of page

Jump to main content.