Green Roof Financing Program

credit: New York Green Roofs

Financing the Future Of Energy Efficiency and Resiliency

UTILIZE YOUR CAPITAL MORE EFFICIENTLY

100% financing of improvements including financing costs and any prepaid service contracts

Lower operating costs from energy efficiency improvements

Depending upon lease structure, pass through costs as operating expenses, property tax reimbursement or as green tax

First payment may be deferred for up to 2 years by capitalizing interest in the financing

Previously completed project may be eligible for financing in some jurisdictions

LOWER COST OF CAPITAL THAN EQUITY OR MEZZANINE DEBT

Fixed rate, long-term financing with no balloon payments

Self-amortizing during term

Owner retains tax incentives, rebates, deductions and depreciation for the improvements

May receive off balance sheet treatment

Improves property cash flow through overall capital cost and utility expense reductions

No acceleration clauses and fully transferable if property is sold

Non-recourse with simple documentation and no technical default provisions

Project Cost: $350,000-Green Roof design, engineering and installation, Irrigation, Horticultural Design and Installation
Related Costs: $150,000-Stairway to roof, permits & inspections, Prepaid service contract, Roofing structural and membrane work
Total Costs to be finaned: $500,000
Terms: 25 years at 7% fixed rate interest, no balloon
Estimated annual assessment added to property tax bill: $49,500 -$4,125 pro rated monthly cost
Pass-through to tenants depends upon lease; stormwater management and energy savings varies with each individual property