“We felt that Energize NY PACE financing was the most cost effective way to finance our new solar system. Without PACE, we would have had to run a huge capital campaign to afford this project. PACE enabled us to meet both our fiscal responsibilities and social justice mission by facilitating this solar installation.”
President of the Board, Temple Israel of Northern Westchester
Amount Financed: $163,700
Term: 20 years
Interest Rate: 5.27%
Financing Cost: $13,500/yr
Electric Use Offset: 99.6%
Annual Average Net Cash Flow To Owner: $3,500 yr
Temple Israel's is project is a 56.4 kW roof mounted solar electric system that generates 70,400 kWh of electricity per year to power the multi-purpose religious facility.
The 25,545 sq ft facility was built in 1938. It includes a sanctuary, classrooms, nursery school, offices, kitchen and meeting spaces.