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 zero with C-PACE

Which projects Qualify?

Solar Energy

Modern solar arrays meet most if commercial building demands, particularly when combined with efficiency measures. Additional utility incentives and grants coupled with C-PACE can generate superior risk-adjusted returns.

Solar for Nonprofits

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.

Boilers, Chillers, & Furnaces

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.

Building Controls

Adding or updating an automated control system can decrease electricity costs while also decreasing operational and maintenance costs.

HVAC Systems

New Heating, Ventilation and Air Conditioners can reach 97%+ efficiencies and reduce utility bills up to 50% while improving tenant comfort.

Roof Replacement

C-PACE legislation allows for 100% financing of roof replacement when coupled with other energy upgrades, such as solar.

High Efficiency Lighting

A retrofit to LED lighting can lead to significant electrical savings for older buildings, while new construction projects can position themselves as green and conserve capital with C-PACE financing.

Hot Water Heating Systems

Making the switch to high efficiency hot water systems can reduce costs by 30%. Upgrading these systems also conserves water because they are more efficient than traditional hot water heating systems.

Variable Speed Drives

Reduce energy consumption and extend life of equipment by effectively matching a motor’s use to variable operating loads with by adjusting the frequency and voltage of the power to the motor.

Water Conservation

Water saving infrastructure can greatly reduce waste from restrooms, heating, cooling, and landscaping. Opportunities to save in existing structures and are an important element of most new construction.


Storm resiliency measures can keep a building up and running to provide critical services, or can protect mechanical components from damage in the event of a storm via strategic placement and prevention measures.

Building Envelope

Insulation, glazing, windows, and other exterior improvements can save commercial buildings between 5-40% on energy costs and not only attract but also make building occupants more comfortable.

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