Michele Pitale
Username
Michele Pitale
Proposer First Name
Michele
Proposer Email
mlp@counterpointesre.com
Proposer Last Name
Pitale
Proposer Job Title
Managing Director, Head of PACE financing
Proposed Session Description
Since 2008, many municipalities across the nation have allowed property owners to increase their property tax bill incrementally with the annual cost of energy upgrades to the property. The increase in property taxes does not impact credit as it is not considered debt and the obligation transfers to new owner upon sale. This financing eliminates the split incentive that stop projects from being adopted in leased buildings in which tenants gain the benefit of lower utility bills and repay the inc
Why is this session important?
PACE Financing has shifted the paradigm of financing clean energy projects with widespread adoption throughout the nation
Diversity and Inclusiveness
Our chicago program mandates 32% mbe/wbe inclusion in projects. Can be discussed if desired
Learning Objectives
Understand C-PACE and how this financing mechanism provides fixed low rate capital up to 30 years for new construction, equipment and retrofits
Identify the benefits of C-PACE of traditional financing through debt and how the financing overcomes typical barriers to gaining approval for projects
Learn to identify which projects are best suited to C-PACE financing
Analyze multiple case studies in which C-PACE was used including several net zero retrofits
Has this session been presented before?
No
Additional Comments
Energy justice application as financing is not dependent upon owner's credit.
Target Audiences Level of Expertise
Level 1 - No prior knowledge needed.
NYC 2023 Areas of Focus
Session Format Details
flexible and can bring engineers or owners if desired
Recommended Length
60-minute session
Strongest Content Connection - NYC 2023
Reviewer 1
McPike, Christina
Proposal #
108
Committee Decision
Rejected