Articles Tagged with ''financing for HVACR''

Making intelligent, informed financial decisions is the best way to keep your business running smoothly and profitably. Businesses are very much like fine-tuned machines: each complicated part must be developed independently, but they must work well together to deliver consistent, long-term results.

In the aftermath of the recent hurricane emergency felt across the state, one Florida city has taken swift action to aid local residents’ recovery and preparedness efforts. The Cape Coral City Council approved a robust hurricane response package for residents, including access to an innovative form of financing called HERO. HERO Property Assessed Clean Energy (PACE) financing empowers homeowners to make energy-efficient, renewable energy, and hurricane-resiliency improvements and pay for the upgrades over time through a voluntary assessment on their property tax bills.

The HVAC geothermal industry recently received some good news when Google formed an independent business called Dandelion to get into the geothermal space.

Microf LLC, a provider of residential lease-to-own products for the HVAC industry, raised $96.7 million in growth capital. The combined debt and equity raise is funded through a new $40 million committed senior debt facility provided by Atalaya Capital Management with an additional $40 million accordion feature; a new $10 million senior debt facility provided by Microf’s existing lender, BrandBank; and $6.67 million in equity provided by current equity investors.

Sealed announced the implementation of a residential energy efficiency insurance policy from the Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich RE.

HERO financing allows homeowners to pay for projects like new heating and air conditioning systems, drought-tolerant landscaping, and efficient windows and doors over time at a fixed interest rate. They do so through an additional line item on their property taxes. As a result, HERO financing payments may have tax benefits, and many homeowners see immediate savings on their utility bills by investing in efficiency upgrades.

Renovate America, a provider of residential Property Assessed Clean Energy (PACE) financing, announced that its HERO^® Program has now made possible the installation of energy-efficient home central air conditioning units worth more than $415 million. More than half of the sales volume involves equipment that exceeds the minimum energy-efficiency standards of the federal Energy Star^® program.