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What is c-pace?

What is C-PACE?

Commercial Property Assessed Clean Energy (C-PACE) is a state policy-enabled financing mechanism that 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.

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What is C-PACE Financing?

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.


Clearwater PACE can arrange PACE financing for up to 25% of the value of your building, at low cost fixed rates with terms from 20 to 30 years. PACE funding can be used to finance most components of a development or construction project. Typical PACE eligible items include:


Building Envelope

HVAC Systems

Water Efficiency

Elevator Modernization

TESLA/EV Charger

Solar PV/Thermal

Soft Costs


Commercial property types that qualify for PACE include Hotel, Multifamily (more than 4 units), Senior Living, Student Housing, Retail, Office, Industrial and Self-Storage.

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