What is Property Assessed Clean Energy (PACE) Financing?
Property Assessed Clean Energy is an innovative way to finance energy efficiency and upgrades to buildings. Interested property owners work with the Strategic Energy Group of Nova to evaluate measures that achieve energy savings and apply to their local PACE administrator to receive 100% financing. This debt is repaid as an additional charge on your property tax bill. Repayment obligations transfer to the next owner if the property is sold.
Why use PACE financing?
By offering ...
A number of clients continue to ask about how the transition to the new ASTM E1527 Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Processis progressing. Before we address this question, let’s first review the changes or “clarifications” that the updated standard delivered. Other than some editorial changes geared towards simplifying or clarifying the E1527-05 standard’s intent and process, the primary areas of change included the following:
the addition of the definition of a Controlled Recognized Environmental Condition (CREC),
ZweigWhite has announced the 2014 Hot Firm List, an exclusive ranking of the fastest-growing firms in the A/E/P and environmental consulting industry. This list represents the firms in the architecture, engineering, planning and environmental industries that posted the highest percentage revenue growth and dollar revenue growth over a three-year period compared to the other entrants.
Nova ranked 9 out of 100 on this impressive list.
See the full list here.
In an industry comprised of more than 100,000 firms, those who have made the list have ...
Nova established offices in London in mid-2012 to service European property acquisition work with U.S.-based clients. Our initial work was focused on supporting clients who were acquiring or lending against prime London properties. These included landmark office and hotel sites. Our work soon spread to encompass delivery of acquisition work in Europe, especially the buoyant property markets of the Netherlands and Germany. To date we estimate that we have advised on property deals that are in excess of US$4 Billion.
We had ...
As the market approaches its transition from the first half to the second half of 2014, EDR Insight and Nova Consulting Group collaborated with well-known economist Ryan Severino at Reis, to get his take on the state of the economy and commercial real estate market coming off a slower-than-expected Q1. In his words, here’s what you can expect to see.
Crocker: Let’s start with the question on everyone’s mind. After such optimistic forecasts in January, why was Q1 so disappointing?
Severino: Clearly, the ...
While several cities are now requiring building energy benchmarking and reporting, two states have implemented programs that require disclosure to prospective buyers, lenders and lessees for commercial buildings. Failing to comply can result in fines and/or civil judicial proceedings.
Hiring Nova to be your energy consultant is an important step in making sure that you are complying with these laws and accurately reporting your building’s energy consumption. If Nova is already completing a PCA for your facility, an energy benchmark is an ...