C-PACE financing is a form of capital used for energy efficiency or renewable energy improvements on commercial real estate properties. To qualify for C-PACE financing within the state of Texas, the following requirements must be met:
-The property must be located within the state of Texas.
-The property must be classified as commercial, industrial, or agricultural.
-The project being financed must fall under the category of energy efficiency or renewable energy.
-The project must have a positive net economic benefit to the state of Texas.
-The project must involve construction, including ground-up development (new construction), capital expenditures (value-add), or a project that has achieved a Certificate of Occupancy within the last 3 years.
If you are interested in C-PACE financing for your next commercial improvement project, check that your property and project meet the abovementioned requirements. C-PACE financing can be a great way to finance energy efficiency or renewable energy projects and lower your weighted average cost of capital, but it is essential to ensure that you qualify before moving forward.
For more information on C-PACE and to understand your eligibility in Texas, please email us at [email protected].