Background
The C-PACE (Commercial Property Assessed Clean Energy) Nation sponsored financing program is revolutionizing the way energy efficient equipment is being financed in the US.
Founded in 2009, the program has provided nearly $900 million in funding of commercial projects, of which $600 million has been provided in the last two years.
The C-PACE Program can be used for retrofits, rebuilds and new construction.
The Basics
The project cost is funded by a C-PACE Lender and repaid through a surcharge assessed to the owner’s property taxes.
The assessment is established by Statewide legislation sponsored by the local taxing authority.
It is assessed to recover 100% of the project costs over periods between 20 – 30 years.
The assessment is attached to the property/building and remains an obligation that survives foreclosure, bankruptcy and sales to others.
How to Use It
First, determine if C-PACE is available where the project is located. Use our Search Tool.
If C-PACE is available, you can generate a C-PACE Funding Proposal from the Sales Tool Input Page.
Supplement the C-PACE Funding Proposal with Handouts and Case Studies that are customized for your customer’s business (see below).
The C-PACE Funding Proposal will automatically include a C-PACE Application. If you wish to share it with your customer without providing a funding proposal, click here.
