Insight
The loan requires a minimum 10% reduction in energy consumption or generates at least 15% of the property's energy from sustainable means.
How a Small Hotel Group Is Financing Solar When Federal Tax Credits Are Gone
Summary
Playpark Hospitality is financing solar panel installations using the SBA 504 Green Loan, a government program offering preferential interest rates. This allows small hospitality businesses to reduce energy consumption, appealing to guests who prioritize sustainability. The loan requires a minimum 10% reduction in energy consumption or 15% energy generation. Sustainability is key for modern hospitality businesses.
Key takeaway