What is C-PACE?

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.