“With the tax bill that comes twice a year, there will be a separate line item that says ‘PACE payment,’” Alini said. The solar array meanwhile is “generating savings, and the savings then are in the hands of JBS, and they can use the savings to pay the tax bill.” Counterpointe managing partner Eric Alini said that thanks to the C-PACE financing, the loan is at an interest rate and on an amortization schedule that works out much better for JBS than any loan a commercial bank would have offered.
Source thesouthern.com Under PACE, local taxing bodies (counties or municipalities) are responsible for transferring payments baked into property taxes to the lender — in this case, Counterpointe, which essentially made the $4.5 million loan to JBS for the array.
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