C-PACE: Next Generation Construction Finance
What is C-PACE?
Commercial Property Assessed Clean Energy (C-PACE) is a state policy-enabled financing mechanism that provides low-cost capital to cover all costs associated with energy and water-saving building measures, and in some states, resiliency improvements.
Eligibility varies by location. An energy audit can determine the scope of C-PACE-eligible upgrades for a project.
Building to Net Zero with C-PACE
Which projects Qualify?
Modern solar arrays meet most commercial building demands, particularly when combined with efficiency measures. Additional utility incentives and grants coupled with C-PACE can generate superior risk-adjusted returns.
C-PACE can deliver a discount to nonprofits through the upfront monetization of tax incentives by a 3rd party, while simultaneously allowing nonprofits to take advantage of the lower-cost financing available through C-PACE.
High efficiency boilers and chillers reduce energy costs by operating 20-40% more efficiently than existing equipment commonly found in older properties. Most boilers, chillers, and furnaces qualify for C-PACE.
Adding or updating an automated control system can decrease electricity costs while also decreasing operational and maintenance costs.
New Heating, Ventilation and Air Conditioners can reach 97%+ efficiencies and reduce utility bills up to 50% while improving tenant comfort.
C-PACE legislation allows for 100% financing of roof replacement when coupled with other energy upgrades, such as solar.
Get C-PACE for your Project!
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