Commercial property-assessed clean energy (or C-PACE) is a relatively new financing program which provides property owners with the capital needed for energy efficiency efficient upgrades & improvements on their commercial buildings.
C-PACE loans allow borrowers and developers to obtain low cost, fixed rate financing while reducing costs, and enhancing the value of their assets.
Through a public-private partnership, C-PACE loans are used to provide financing for eligible measures in areas with an active C-PACE program.
For most borrowers, C-PACE is significantly cheaper financing tool, making it more attractive option than a loan from a bank or debt fund. Capital stacks with a C-PACE loan generally require less borrower equity as well.
CPACE financing offers the advantage of funding up to 100% of the project's costs, and has longer repayment terms ranging from 10 to 30 years.
Furthermore, these terms offer non-recourse benefits to the borrower, along with the flexibility for debt transfers with ownership changes.
Moreover, energy savings that offset financing costs are incorporated, preserving the owner's capital for alternative purposes.
Including but not limited to: New Construction, Hospitality, Industrial, Flex, Multi-Family, Retail, Self-Storage, Life-Science, Data Centers, Medical Office.
C-PACE eligible measures include but are not limited to: HVAC systems, roofs, windows, doors, insulation, concrete, plumbing, waste energy recovery systems, compressors, solar improvements, geothermal & wind systems, electrical distribution components, heat & power systems, power generation equipment, lighting fixtures, boilers, & chillers, and energy management control systems, among several others.
**Not every county in the above states has an active C-PACE program. Please contact us for inquiries regarding a specific location.
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