Fund Your Capital Projects

As building material costs continue to rise in the face of inflation, it’s never been more important to ensure that your business can procure the funding needed for your capital projects.

Helping our clients find solutions to their funding concerns is paramount to our mission. Gardiner’s team of experts are the industry resource for enabling businesses to procure funding, utilizing a full range of tools.

Whether your project requires government grants, fixed term funding, shared savings opportunities, or anything in-between, you can trust Gardiner to make your building work better, and find ways to fund it. No matter what challenge your business faces, Gardiner Does It.

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PACE

PACE is an innovative program that makes it possible for owners of commercial and industrial properties to obtain low-cost, long-term financing for energy-efficiency, water conservation, and renewable energy projects. PACE funding is normally issued through County Port Authorities. PACE statutes authorize municipalities and counties to work with private sector lenders to provide upfront financing to property owners for qualified projects, and to collect the repayment through annual assessments on the property’s real estate tax bill. Many property owners are attracted to additional tax incentives provided by the annual assessment structure. The term of PACE financing may extend up to 20 years, resulting in utility and other cost savings that exceed the amount of the assessment payment.

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Energy as a Service (EaaS)

Energy as a Service (EaaS) requires no up-front capital from an owner. A developer pays for project engineering, construction, and maintenance costs. Once the project is operational, the customer makes service payments that are based on actual energy savings and other equipment performance metrics, such as reduce consumption and operational cost resulting in verifiable savings

EaaS is a pay -for -performance, off balance sheet financing solution that allows customers to implement energy efficiency and sustainability projects with no upfront capital.

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Shared Savings

The primary advantage to a shared savings agreement is to promote corporation and partnership between an owner and Energy Service Provider (ESP.) Shared Savings agreements are accommodating to various terms and conditions such as shared cost of project scope, energy savings splits, and length of agreement to name a few. Shared savings agreements are most successful when the owner and ESP outline clear expectations of the project objective allowing them to coordinate and work together to achieve the desired outcomes.

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Ohio Nonprofit Hospitals & Schools Energy Efficiency Grant

This grant helps nonprofit hospitals, K-12 public school districts, and Education Service Centers (ESCs) implement energy efficiency improvements to lower energy use and costs. Through the Energy Efficiency Grant Program, eligible applicants receive grant funding to install efficiency measures that reduce energy by at least 15% as shown by an ASHRAE Level II energy audit. School districts and ESCs applying to the program must meet one of the following criteria:

K-12:

  • 45% + of student enrolled in free and reduced lunch program.
  • Rural and high poverty level as designated by the ODE Rural Education Map
  • Located in a Disadvantaged Community (DAC)

Hospitals:

  • Located in low-income county with poverty rate higher than State average
  • Designate “Critical access” OR “small & rural.”
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Ohio Energy Loan Fund

The Ohio Energy Loan fund helps small businesses, manufacturers, nonprofits, and local government implement energy efficiency improvements to lower energy use and cost. The qualification process is extensive; however, the advantages include a maximum loan capacity of $2.5mm, low cost of issuance and low interest financing. K-12 opportunities are even more advantageous, with financing rates at roughly a quarter of 1%. Qualifications include but are not limited to an ASHREA lv.2 study completed, verifiable 15% energy reduction as result of project implemented over a 15-year ROI or less.

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Ready to Find Funding Solutions?

Gardiner’s tool kit of funding opportunities is even more sprawling – including access to:

HB 264
Utility Funding Riders
Power Purchase Agreements (PPA)
Certificates of Participation (COPS)
Vendor Lease
Direct Bank LeaseAnd so much more.

Our team is ready to help your business in procuring the funding it needs to ensure your building works better.

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