New-Hampshire C-PACE Program
C-PACE Status: Enabled & Active
C-PACE Financing is available in New-Hampshire and allows building owners and developers to access the capital they need to make energy-related deferred maintenance upgrades in their existing buildings, support new construction costs, and make renewable energy accessible and cost-effective.
How does C-PACE work?
C-PACE makes it possible for commercial property owners to obtain low-cost, long-term financing for energy efficiency, water conservation, and renewable energy projects. Most commercial property types qualify for C-PACE financing.
The program starts with a state-level government policy that classifies clean energy upgrades as a public benefit – like a new sewer, water line, or road.
These upgrades can be financed with no money down and then repaid as a benefit assessment on the property tax bill over a term that matches the useful life of improvements and/or new construction infrastructure (typically ~20-30 years). The assessment transfers on the sale of the property and can be passed through to tenants where appropriate.
While facilitating sustainability efforts, the program reduces property owners’ annual costs and provides dramatically better-than-market financing for green new construction.
Submit a C-PACE Soft Quote Request Today!
C-PACE Financing Overview
Next Generation Construction Finance for Energy Efficient Upgrades and Deferred Maintenance
C-PACE (Commercial Property Assessed Clean
Energy) is a public-private partnership enabled by
state law and financed with private capital that
finances sustainability improvements to CRE such
as: energy efficiency, water conservation,
seismic resiliency and wildfire hardening. C-PACE
financing can also be used to fund portions of
“green” new construction in some jurisdictions.
C-PACE finances these measures with long-term,
fixed-rate financing, generally on a non-recourse
basis. The structure exists because the state and
local municipalities view these improvements as a
public benefit, akin to how a sewer improvement
would benefit the public.
Product Snapchat
20-30 years fixed-rate loan
terms Rates 50% less than
mezz/pref
Non-recourse upon completion
Obligation may be transfered on sale or prepaid
Tailored step-down prepayment
fees
C-PACE Product Term Sheet
Next Generation Construction Finance
Loan amount
$5,00,000 – $5,00,000,000
LENDING FOOTPRINT
All states with active C-PACE programs and continually expanding (Currently): CA, CO, CT, DE, FL, IL, KY, MA, MD, MI, MN, MO, NE, NV, NY, OH, OK, OR, PA, RI, TN, TX, UT, VA, WI, DC
LOAN PURPOSE
100% financing for energy, water, and resiliency capital expenditures.
ELIGIBLE PROPERTIES1
Multifamily, Hospitality, Industrial, Office, Retail, Senior Living, Student Housing, non-profit, and special purpose.
INELIGIBLE PROPERTIES
Single-family residential, residential condos, government owned buildings.
ELIGIBLE UPGRADES2
Hard, soft, and associated costs connected to mechanical, electrical, plumbing, building envelope improvements and renewable energy sources. Examples include HVAC, LED lighting + facility controls,
boilers, windows, and solar.
Excepteur sint occaecat
Duis aute irure dolor in reprehenderit in voluptate velit esse
Duis aute irure dolor
Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
Duis aute irure dolor
Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
Duis aute irure dolor
Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
incididunt ut
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
incididunt ut
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Excepteur sint occaecat
Duis aute irure dolor in reprehenderit in voluptate velit esse