PACE Program Case Studies
PACE Program
PACE (Property Assessed Clean Energy) is a simple and effective way to finance energy efficiency, renewable energy, and water conservation upgrades to buildings. PACE pays for 100% of a project’s costs and is repaid for up to 20 years with an assessment added to the property’s tax bill. PACE financing may stay with the building upon sale and is easy to share with tenants. State and local governments sponsor PACE financing to create jobs, promote economic development, and protect the environment.
Stellar International closed on first PACE project for a Commercial Office Building in Houston, Texas. 1225 North Loop West, which is managed by Stellar International will benefit from significant equipment upgrades using PACE. Certified studies indicate that this PACE project will create an annual savings of over 1.5 million KWH and 2.9 million dollars over 20 years.
“PACE introduces a new solution for building upgrades, at no additional out of pocket cost to the owner. The savings in Energy costs will pay for the upgrades while leading the path to a Greener Future.” -Seth Eslami, VP of Stellar International
PACE Program - Seth Eslami
With over 15 years in the industry, I bring a combination of academic rigor and hands-on experience to our company’s core services. My academic background has given me a keen analytical perspective and a structured approach to problem-solving, which I’ve applied across various domains:
Property Management & Asset Management: Leveraging my engineering acumen, I ensure optimal operational performance and value enhancement for our properties, while nurturing robust relationships with stakeholders and maintaining tenant satisfaction.
Project & Construction Management: My Civil Engineering knowledge has been instrumental in overseeing projects from concept to completion, precisely navigating the intricacies of construction, meeting stringent deadlines, and adeptly handling multiple tasks.
PACE Projects: I champion our Property Assessed Clean Energy (PACE) initiatives, fusing sustainable engineering principles with practical management to drive energy-efficient outcomes.
Over the years, my experiences across several continents have enriched my perspective, bringing diverse insights into the challenges we face in our industry. This global exposure has subtly influenced my approach, fostering a natural inclination for innovative solutions and collaborative problem-solving. As a member of our team, I am committed to integrating these learnings to contribute positively to our shared objectives and the company’s continued growth.
I welcome you to reach out to discuss how together, we can add significant value to your building and projects. I look forward to exploring the possibilities and contributing to your success.
Email me at seslami@stellaricre.com
