Beginning a clean energy project is often a combination of identifying the right energy-saving solutions—and securing the funding to pay for them as cost effectively as possible. Through our experience at the intersection of building technology and finance, we may recommend one of the following clean energy finance options to maximize your project’s return:

  • Property Assessed Clean Energy (PACE) Finance

  • Lease Financing 

  • Power Purchase Agreements 


PACE finance is an innovative solution for building owners and commercial real estate developers to increase access to capital for clean energy projects while reducing operating costs. PACE finance pays for 100% of a project’s costs and is repaid for up to 30 years with an assessment added to the property’s tax bill.

Our goal at Donovan Energy is to help you leverage low-cost, third-party capital to achieve 100% positive cash flow from the start. PACE finance is available throughout Ohio, Kentucky and more than 30 other states. Eligible PACE project development includes:

  • Commercial buildings like offices, hotels, retail and industrial buildings; multi-family residential buildings; and even nonprofits

  • A broad range of project types, including new construction, deferred maintenance, major renovation, redevelopment and tenant improvements

  • Energy efficiency, renewable energy water conservation projects, spanning lighting, HVAC, plumbing, insulation, elevators, rooftops, windows, solar panels and more




With Property Assessed Clean Energy (PACE) finance, the capital costs of energy efficiency and renewable energy are an investment, not a cost. Key benefits of PACE finance include:


  • 100% financing: zero out of pocket for hard and soft costs

  • 10-30 year long-term, fixed rate, non-recourse financing (vs. standard commercial lending with 3-5 year terms)

  • Cash flow positivity from the start (PACE repayment can be less than the amount saved on energy)

  • Win-win strategy for landlords and tenants, as financing benefits and energy savings can be passed on to tenants under most lease forms

  • Transferability with sale of property

  • Potential to reallocate funds previously reserved for energy projects to other capital projects or businesses expenses

  • Allowing comprehensive projects with deeper impact on energy use and the bottom line (including increased Net Operating Income), rather than only quick payback energy projects, since payback is amortized up to 30 years.

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