CONTACT US

SRS has launched a powerful cloud-based app that enables HVAC contractors and energy efficiency project developers, in real time, to estimate energy cost savings and calculate financial impacts of their projects. Powered by proprietary data, predictive analytics and proven technology, Energy Performance Improvement Calculator (EPIC™) incorporates data collected by SRS over the last decade from thousands of energy improvement projects nationwide. EPIC-generated reports, appended to project proposals can transform an unwelcome capital expense to a compelling investment opportunity.

Learn More

C-PACE + SRS = THE PATH TO SUCCESS

POWERING C-PACE INITIATIVES

Our unique PACEworx™ Platform 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 PACEworx™ Platform 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 $400 million of C-PACE projects nationwide – a level unmatched in the industry.

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
Go to the program website

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

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
Read the press release Go to the program website

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
Read the press release Go to the program website

With SRS’s extensive success

in administering C-PACE programs nationwide, we are confident that our partnership will create a robust program locally that leverages market-based approaches to energy financing, and capitalizes on best practices throughout the country.

Go to the

LAURA NELSON, Executive Director, Governor’s Office of Energy Development
Read the press release Go to the program website

The SRS team has been a valued partner

during Arlington County’s C-PACE program development. SRS has worked thoughtfully and successfully with county staff from multiple departments, and has considered varied interests to craft an excellent program. Their extensive knowledge of the PACE industry is evident to me and to different stakeholders as we learn from their presentations and excellent answers to questions on all aspects of the PACE program. We look forward to collaborating with them to bring projects to close in 2018.

RICH DOOLEY, Community Energy Coordinator, Arlington Initiative to Rethink Energy
Go to the program website

IN THE NEWS

Colorado’s C-PACE Program Project Financings Top $100 Million (April 8, 2021 | Press Release)

With the closing last week of three additional projects, the Colorado C-PACE Program has completed $113 million in total project financing. C-PACE, which was authorized by the legislature, operates under the direction of Colorado’s New Energy Improvement District.  read more

Loveland Storage Facility to Install Necessary Energy Efficiency Upgrades Using C-PACE Financing (April 7, 2021 | Press Release)

Colorado C-PACE announced that commercial property investment firm Noble Venture will leverage C-PACE financing to fund energy efficiency upgrades for their warehouse/storage facility located in Loveland.  read more

Fort Collins Big Red F Post Chicken & Beer Restaurant Taps C-PACE Financing for Energy Efficiency Retrofit (March 15, 2021 | Press Release)

Colorado C-PACE announced today that Palmer Properties in partnership with Air Comfort will use $130,000 in CO C-PACE financing to convert a former IHOP into a new Big Red F Post Chicken & Beer restaurant. Located at 1002 South College Avenue in Fort Collins, the retrofit will include a major overhaul of the air conditioning and space heating systems.  read more

Denver Office Building to Install Major Energy Efficiency Upgrades Using C-PACE Financing (March 15, 2021 | Press Release)

Colorado C-PACE announced today that CentrePoint Properties, a leading commercial real estate investment firm, engaged the program to leverage $1.5 million for the upgrades on a 95,952 square foot office building located at 789 Sherman Street in Denver.  read more

Days Inn to Retrofit Boulder Hotel Project to utilize over $2 million in C-PACE financing (January 27, 2021 | Press Release)

Colorado C-PACE announced today that Summit Capital, in partnership with Twain Financial Partners, will leverage almost $2.2 million in C-PACE financing to retrofit the Days Inn Hotel located at 5397 South Boulder Road in Boulder, Colorado.  read more

EVENTS

April 13, 2021

iconContractorWorkshop

C-PACE Update: Case Studies from our Region
Learn how C-PACE can be used to help push one of your projects over the finish line or invest more deeply in energy and water efficiency in the PA/DE area.

Online Webinar

April 22, 2021

iconContractorWorkshop

C-PACE Contractor Workshop
Learn how C-PACE financing can help you to grow your business

Online Webinar

May 4, 2021

buildingOwners-icon

CO C-PACE and Xcel Energy Programs Lunch and Learn
Discover how energy incentive programs and other initiatives along with C-PACE financing can help you reduce your energy costs.

Online Webinar

May 6, 2021

buildingOwners-icon

Longmont Sustainable Business Program & C-PACE
An efficient building doesn’t have to mean getting a traditional loan with burdensome down payments.

Online Webinar

May 25, 2021

iconContractorWorkshop

C-PACE Contractor Workshop
Learn how C-PACE financing can help you to grow your business

Online Webinar

June 16, 2021

iconContractorWorkshop

C-PACE Contractor Workshop
Learn how C-PACE financing can help you to grow your business

Online Webinar

There are no events on our calendar at this time, but we are always adding new Contractor Workshops and Building Owner Forums, so check back soon.

Want to find SRS events in a particular state?

CONTACT US

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