article thumbnail

PACE in Maryland is Not Keeping Pace

Green Building Law Update

In 2008 I said Property Assessed Clean Energy (PACE) loans “ could be bigger than anything in U.S. Reduce cost of a PACE loan by eliminating the requirement that a PACE lien notice be recorded among the land records. Lower cost of a PACE loan by not collecting recordation tax on a PACE lien notice recorded among the land records.

Maryland 136
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Borrowers inject 10 percent in the form of cash or equity in real estate.

Income 75
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

ALTERNATIVE ENERGY LOANS: Act 209 was enacted in 2008 to establish a new loan program to help full-time farmers, ranchers and aquaculturalists to reduce dependence on fossil fuel by producing renewable energy through sources such as photovoltaic, hydroelectric, wind, methane, biodiesel and ethanol. percent for 2007, 11 percent for 2008, 14.5

Income 108