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2014_0915_CCpacket
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2014_0915_CCpacket
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10/7/2014 3:21:13 PM
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Saint Paul Port Authority SPPA.com <br />Energy Financing Programs <br />Trillion BTU: <br />Energy efficiency projects anywhere in the State of Minnesota <br />Businesses and non-profits (not housing, religious or government) <br />Interest rate is usually 4% - never more than that <br />Term is usually 5 years can be a few years longer or balloon payment <br />Project size from $50,000 to $2,500,000 <br />100% financing and immediate positive cash flow <br />PACE of Minnesota: <br />Energy efficiency or renewable energy projects in Minnesota <br />Businesses, housing & non-profits, including places of worship <br />Interest rate is usually under 5% for a term of less than 10 years <br />Term of up to 15 years <br />Amount limited to 20% of assessed property value <br />Primarily for multi-tenant buildings and renewable energy projects <br />Host City and County institute a requested special assessment <br />Port Authority issues debt and administers program <br />100% financing and immediate positive cash flow <br />Energy Savings Partnership: <br />Energy efficiency or renewable energy projects in Minnesota <br />Local units of government (cities, counties, schools, special authorities) <br />Interest rate usually under 3% <br />Term of up to 15 years <br />Over $50,000 and no limit on project size <br />Primarily for non-GO obligation projects and projects under $3,000,000 <br />Annual appropriation lease with US Bank <br />100% financing and immediate positive cash flow <br />
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