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C-PACE + SRS = THE PATH TO SUCCESS

Working in collaboration with its government agency clients, SRS serves as the foundation for the most successful Commercial Property Assessed Clean Energy (C-PACE) programs in the country. The combination of talented agency staff, the SRS technical support services team and our powerful C-PACE Data Management Platform (CDMP) has facilitated the development of over $100 million of C-PACE projects — a level unmatched in the industry.

POWERING C-PACE INITIATIVES

Our unique C-PACE Data Management Platform (CDMP) provides consistency, quality control and transparency across the entire project life cycle – ensuring that all stakeholder underwriting requirements are met and that projects accelerate to a successful close.

close underwrite originate

PROJECT LIFE CYCLE

To accelerate projects through each step in the life cycle,  SRS deploys a standardized training protocol that provides step-by-step instruction on the workflow of C-PACE and introduces a suite of tools, reports and support services designed to generate building owner enthusiasm for a specific project.

Click Originate, Underwrite, or Close to view key steps in the process.

ORIGINATE

SRS accelerates project origination through contractor channel initiatives.

  • Owner authorizes contractor for site visit, upon SRS pre-qualification
  • Contractor uses SRS tools to optimize project for C-PACE financing
  • SRS conducts project eligibility and savings projections technical review on behalf of agency sponsor (Government or Non-Profit)

UNDERWRITE

SRS tools & reports ensure stakeholder underwriting requirements are met.

  • Owner approves project scope and cost, post SRS technical underwriting
  • Owner, with SRS technical support, obtains mortgage holder consent
  • SRS supports owner’s “best fit” capital provider selection

CLOSE

SRS prepares Project Finance Report to facilitate finance closing.

  • Capital provider and owner execute finance agreement
  • SRS coordinates with local tax office to place PACE assessment
  • Contractor commences construction, SRS oversees project commissioning

ENERGIZING THE GATEKEEPERS.

C-PACE projects must work for all three project Gatekeepers: Contractors, who have a desire to sell comprehensive projects, Owners and Mortgage Holders — both typically skeptical of the projected energy savings. Gaining consensus requires a skilled, independent third party, with the technical and financial knowledge to deliver projects that meet, or exceed, the objectives of each Gatekeeper.

SELECT ONE

CONTRACTORS

BUILDING OWNERS

MORTGAGE HOLDERS

Contractor involvement and motivation is the most crucial element in the success of every C-PACE program, especially during the critical 2-3 year launch and growth period. SRS provides outreach, education and training, including workshops and webinars to educate and engage Contractors on the benefits of C-PACE financing. Following the workshops, our Technical Support Services (TSS) team enables contractors with a suite of tools, reports and support services to sustain momentum and accelerate C-PACE market adoption by advancing Contractor projects.

One major barrier to closing C-PACE project financings is often the Building Owners’ lack of confidence in the Contractor’s projected energy savings-based projects. To meet the underwriting requirements of skeptical building owners, our C-PACE Data Management Platform (CDMP) enables a technically sound transparent project scenario development and optimization process which allows Contractors to address all of the Building Owners’ “what if’s”— improving confidence in the project economics.

Building Owner’s seeking to take advantage of C-PACE financing need to secure the consent of the bank holding the first mortgage — although many bank officers are unfamiliar with C-PACE and may not have the necessary documentation to support such consent. To successfully facilitate the Mortgage Holder’s consent, SRS’s Mortgage Holder Consent Report includes the key financial and technical data required to assess the project’s impact on the building owner’s mortgage repayment ability and collateral value.

MOTIVATING THE NATION.

SRS provides C-PACE programs with a streamlined, standardized, technically-sound and transparent underwriting methodology that has earned the confidence of contractors, building owners, mortgage holders and capital providers around the country. This proven project underwriting methodology has facilitated the development of over $100 million of C-PACE projects nationwide – a level unmatched in the industry.

state-CT

The SRS Platform is essential

for the management of an inherently data-intensive, complicated process. By standardizing the underwriting, SRS has provided capital providers with a high-degree of confidence in the project underwriting data, enabling the sale of PACE portfolios.

BRYAN GARCIA, CEO, Connecticut Green Bank
Program website: cpace.com
state-CA

SRS’s state-of-the-art project development tools

have brought speed and transparency to the commercial PACE underwriting process.

RICH CHIEN, GreenFinanceSF Program Manager, City and County of San Francisco
state-CO

SRS was competitively selected

as the Colorado C-PACE administrator and will oversee an open, competitive lending model that makes it possible for a wide variety of capital providers to participate.

PAUL SCHARFENBERGER
Director of Finance & Operations, Colorado Energy Office
Chairman, New Energy Improvement District
Press Release
Program website: copace.com
state-RI

The SRS team has brought experience

and technical competence to our program. Working in close collaboration with our staff, SRS has built the RI C-PACE website, written the Program Guidelines, and prepared a detailed communications plan for engaging key stakeholders. As a result, RI C-PACE is positioned for a seamless launch in record time. It has been a very productive partnership.

MICHAEL BAER, Senior Advisor, Rhode Island Infrastructure Bank
Press Release
Program website: ri-pace.com
state-NH

We are partnering with the SRS team

because they have developed a streamlined and transparent process that is the hallmark of Connecticut’s C-PACE program, widely acknowledged as the most effective program nationally.

LAURA RICHARDSON, Executive Director, NH C-PACE
Press Release
Program website: cpace-nh.com
state-OR

The SRS Platform is essential

for the management of an inherently data-intensive, complicated process. By standardizing the underwriting, SRS has provided capital providers with a high-degree of confidence in the project underwriting data, enabling the
sale of PACE portfolios.

BRYAN GARCIA, CEO, Connecticut Green Bank

NEWS

August 12, 2016

Rhode Island Infrastructure Bank New Energy Efficiency Financing Program Programs Create Hundreds of Jobs

August 3, 2016

Sunnier Days Could be Ahead for PACE Programs

August 2, 2016

United States Guideline Enables Residential PACE

July 29, 2016

Missouri project may open door to agricultural PACE financing

July 28, 2016

Funding green upgrades gets easier, demonstrating the strong appetite for San Francisco office buildings

July 27, 2016

CT Green Bank touts latest C-PACE solar project

July 19, 2016

The White House embraces PACE Financing

All News & Press Releases

EVENTS

May 18, 2016
Rhode Island C-PACE Contractor Workshop
Providence, RI

June 17, 2016
Connecticut Contractor Training – How C-PACE financing Can Grow Your Business
North Haven, CT

July 28, 2016
Connecticut Contractor Training – How C-PACE financing Can Grow Your Business
North Haven, CT

September 15, 2016
Connecticut Contractor Training – How C-PACE financing Can Grow Your Business
North Haven, CT

Please select a State for all events: 

CONTACT US

Call 203.880.5300
or send us a message
using the contact form.

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