Funding Laboratory Sustainability With PACE Financing

Michele Pitale, CounterpointeSRE Hannon Armstrong SRE

Learn how PACE (Property Assessed Clean Energy) Financing solves a problem facilities who wish to become more sustainable face: securing capital for installations. Discover how PACE is uniquely positioned to provide funding for laboratory retrofits and new construction through a brief overview and in-depth presentation of multiple case studies of sustainable laboratory financing. Learn why PACE is so popular with clean energy and water conservation projects and how to obtain and to present PACE cost benefit analysis that illustrates immediate positive net cash flow.

Learning Objectives

  • Discover PACE financing and how it overcomes typical barriers to assessing capital to finance sustainable and resilient labs;
  • Develop communication skills in order to submit requests for sustainable upgrades by presenting cost benefit analysis that illustrates how PACE makes sustainable laboratory upgrades immediately net cash flow positive before any grant, rebate or other financial incentives;
  • Understand why PACE is attractive option, how it finances new laboratories and retrofits without utilizing capital budget and its advantages over traditional financing mechanisms; and
  • Analyze multiple case studies of hospital and SNFs in CA, FL, RI and CT in which laboratories were upgraded to become more energy efficient and conserve water through PACE financing.

Biography:

Dr. Pitale heads the Middle Markets department and retrofit finance of commercial properties for Hannon Armstrong Sustainable Real Estate and the CounterpointeSRE program. Prior to focusing on sustainable energy finance, Dr. Pitale was an Assistant Professor of Surgery and Otolaryngology at Albert Einstein College of Medicine in New York. Dr. Pitale also was a post-doctoral research fellow, in the Laboratory of Clinical Investigation, National Institute of Allergy and Infectious Diseases.

 

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