NHA Advisors leads the industry in providing creative solutions to environmental policy mandates. As a result of communities looking to be more environmentally sensitive, NHA Advisors used its extensive public finance background to develop a financing structure that uses existing assessment law to raise/generate/leverage capital for energy efficiency and renewable energy projects. The ability for public agencies to use this financing structure is based on the premise that green projects generate a public benefit to all. As the original architect of the program now called property assessed clean energy (“PACE”), we have seen our creation spread throughout the United States and used internationally.
As an expansion of our PACE work, NHA Advisors has become one of the leading financial advisory firms for clean and renewable energy bonds (“CREBs”). CREBs are bonds for which the U.S. government provides a tax credit subsidy for clean and renewable energy projects.
In addition to assisting public agencies with the development of these financing programs, NHA Advisors works with public agencies to develop financing solutions to fund green projects on public facilities. This has entailed working with public agencies to determine the financial feasibility of public facilities solar projects through an in-depth analysis of a given project’s costs and benefits. These projects include renewable energy for sewer treatment, public safety, and public health facilities; recreation centers; service and equipment facilities; and parking “shade structures,” as well as ground-mounted solar arrays.
In addition to renewable energy projects, NHA Advisors has developed financing solutions for energy efficiency improvements on many public agency facilities (e.g., upgrading lighting, boilers, and HVAC; improving water efficiency through plumbing upgrades and installation of low-flow toilets; window glazing and replacement; and roofing upgrades).