PACE Started in CA, But Doesn’t End There

Pikus: “Commercial-property owners are always looking to reduce utility costs, and the best way to do it is with these solar panels.”

IRVINE, CA—Different states have different energy needs and issues, and PACE can address them, from wind-mitigation improvements to seismic concerns, Inland Green Capital LLC’s SVP Mark Pikus tells GlobeSt.com. Inland green is an environmental finance and investment company that recently announced the closing and funding of more than $3 million in Property Assessed Clean Energy bond transactions for an array of energy-efficiency projects for commercial real estate properties across four different states. In California, the firm worked with Samas Capital to fund the purchases and installation of solar panels on Plaza de Oro, an approximately 28,000-square-foot office building in Anaheim. We spoke exclusively with Pikus about the benefits and costs of installing solar panels on office buildings as well as PACE’s role in commercial real estate.

GlobeSt.com: What are the benefits vs. costs of installing solar panels on office buildings?