Luminia’s first-of-its-kind financing solutions provide swift access to the full range of sustainability improvements. Luminia’s Clean Energy PPA®, Credit Based PPA or C-PACE suite of solutions provide commercial property owners financing without any money down or any corporate or personal guaranties – maximizing up-front savings and increasing both net operating income and asset value.

When it comes to sustainability improvements, commercial entities have differing internal priorities, financial hurdles and capital considerations. Luminia’s diverse financing alternatives deliver efficient and optimized structures that align with each property owner’s unique needs.

Full Range of Sustainability Projects

Instead of financing infrastructure improvements on a project-by-project basis, Luminia’s comprehensive financing options for solar, energy storage, roofing, EV charging infrastructure, HVAC, lighting, building hardening, windows/doors, seismic retrofits, water conservation and more enable commercial property owners to execute energy and water-saving capital improvements through one platform.

Roofing

 

Solar

 

EV Charger

 

Energy Storage

 

Lighting

 

HVAC

 

Water Conservation

 

Building Hardening

 

Windows & Doors

 

Superior Financing Process

Financing through the Luminia platform translates into a uniform set of requirements, contract structures and processes across all project types, as well as the availability to gain instant project pricing through our portal. Solar businesses can leverage these tools to realize superior efficiency, reducing sales cycles and increasing the sales funnel. Property owners can quickly receive proposals to quantify value, reduce time for legal and realize savings faster.

Multiple Financing Solutions

Luminia’s novel suite of financing solutions include traditional credit-based PPAs and a first-of-its-kind Clean Energy PPA® for non-rated properties. Each solution was designed to maximize savings and convenience to property owners:

Clean Energy PPA®

Clean Energy PPA® – A proprietary Power Purchase Agreement (PPA) model for non-rated properties interested in implementing sustainability improvements without touching their working capital. It combines the benefits of a long-term energy contract and tax credit monetization with security of Commercial Property Assessed Clean Energy (C-PACE)

– No personal or corporate guaranties required, project is secured by property
– No upfront costs, only savings that increase Net Operating Income (NOI) and cashflow
– Valid for solar, storage, energy efficiency HVAC, LEDs, windows, water conservation, roofing,resiliency solutions (seismic, fire, storm strengthening), and more

Unique Benefits:

  • Savings are immediate and long-term
  • No upfront costs, only savings that increase Net Operating Income (NOI) and cashflow 
  • Payment holiday = no payments due for 6+ months
  • Off-balance sheet, non-recourse financing
  • Increased property value
  • PPA transfers automatically upon property sale
  • Luminia owns and operates, you benefit
    • Predictable production: Protected by a 25-year production guarantee with annual true-ups
    • Worry-free operation: 25-year maintenance and lifetime equipment replacement included

Requirements: 

Credit-Based PPA and Investment-Grade PPA

Traditional corporate credit-based PPA alternatives for property owners interested in implementing sustainability improvements without touching their working capital.

– Credit-Based PPA – for companies with non-investment grade or shadow credit ratings
– Investment Grade PPA – for companies with strong public credit ratings

Advantages:

  • Savings are immediate and long-term
  • No upfront costs, only savings
  • Increased property value
  • Luminia owns and operates, you benefit
  • 25-year maintenance and lifetime equipment replacement included
  • Luminia owns and operates, you benefit

Requirements:

  • Audited financial statements 
  • Assignment/transfer pre-approval upon sale of property
  • Public credit rating or Shadow credit rating Minimum system size of 500 kW

C-PACE Financing

For property owners with a tax appetite and/or who want to own the asset. Capital for new development, retrofits and tenant improvements.

– An innovative, state-regulated, municipality-approved program
– Can be used to finance energy efficiency, water conservation, and renewable energy improvements and Title 24 upgrades
– Low-cost, long-term, fixed-rate financing tied to property value
– Ability to replace expensive mezzanine debt for new development projects
– Currently available in 28 states and Washington, DC

Advantages:

  • 100% financing with no capital outlay required of property owner
  • Ability to capture tax credits and benefits
  • Rates are not based on financials 
  • Non-recourse financing with no corporate or personal guaranties required
  • Payment holiday = no payments due for 6+ month
  • PPA transfers automatically upon property sale
  • Payments may be passed onto tenants

Requirements:

  • Address must be in a C-PACE eligible area
  • Loan-to-value limit is 35% for most properties; 25% for education, medical and nonprofits

Which Luminia Financing Solution is Right for You?

Want to learn more about our financing solutions? Read our FAQs and contact us to begin the conversation about how we can help you achieve your business goals.

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