Dividend Finance is now offering Commercial PACE (Property Assessed Clean Energy) financing in Maryland and Utah following its approval by each state’s PACE program administrator on August 3rd. The addition of Maryland and Utah brings Dividend’s Commercial PACE footprint up to a total of five states including California, Colorado and Missouri .
“Dividend expanding into Maryland and Utah provides more clean energy financing options for commercial property owners and the contractors serving them within these states. And the reduced utility spend which typically results from these improvements leads to improved cash flow and enhanced property value,” said Peter Grabell, Dividend’s Senior Vice President of Commercial PACE. Upgrading a commercial property with energy efficiency measures not only enhances its value but also makes a multi-tenant building more attractive for potential users.
PACE assessments are repaid on the property's annual tax bill.
Dividend’s Commercial PACE program is a no money down, long term (up to 25 years) financing option, with low fixed interest rates. It covers dozens of clean energy improvements including solar PV, battery storage, EV chargers, and much more. The minimum project size for Dividend’s Commercial PACE program is $100,000. You can learn more about Dividend’s Commercial PACE program here or by calling us at (877) 577-7373.
Dividend continues to evaluate PACE programs in additional states for potential expansion of its Commercial PACE financing.