The Westhaven Professional Building in Westminster, California is an office building. The C-PACE financing funded a rooftop solar PV installation. Clean energy will be purchased by the building using a PPA structure.
Highlights
First State Bank of the Florida Keys funded this $525K C-PACE transaction through the FASTPACE platform. The financing was closed in the FASTPACE California Program, which enables cost-effective C-PACE financing for small- and mid-sized commercial projects. First State Bank of the Florida Keys completed the financing with their one-person energy efficiency lending team thanks to FASTPACE.
Results
The financed improvements are projected to result in upwards of $1.5M of total lifetime cost savings at the property, demonstrating the significant long-term financial benefits of solar PV for commercial buildings.