Dividend provided PACE (Property Assessed Clean Energy) financing to Eden Rift Vineyards for the installation of 236.4 kW of rooftop solar PV and ancillary measures in order to enable the system. The project is furthering Eden Rift’s energy use reduction goals by offsetting 100% of its annual usage. Dividend financed 100% of project costs, enabling Eden Rift to preserve its working capital for investing in its business.
Company: Advanced Convergence Group
Financing Closed: December 10, 2020
- 236.4 kW ground-mount solar PV system
PACE Financing:$868,623 / 15 years @ 6.15%
Year 1 Utility Bill Savings: $87,128
Reduce Energy Use by 365.1 MWh/year
Combined C02 Saved Per Year:
- 258 Metric Tons of CO2 annually is equal to:
– 55.8 cars per year off the road
– 142 tons of coal not burned
– 30 homes’ energy use
– 337 acres of forest capturing CO2
Dividend offers residential clean energy loans and commercial PACE (C-PACE) financing, a public-private financing mechanism for energy efficiency, renewable energy, and other resiliency and conservation measures to upgrade privately-owned property. The company has financed over $1.2 billion in renewables and efficiency projects in 41 states. Dividend began offering C-PACE financing in 2010 via a predecessor company as one of the country’s first PACE programs.