C-PACE (Commercial Property Assessed Clean Energy) is a powerful financing tool that funds a wide variety of energy efficiency, renewable energy, and resiliency improvements for new or existing commercial buildings.
Property owners receive 100% fixed rate financing of hard and soft costs from private C-PACE Capital Providers for terms of up to 30 years. C-PACE loans are secured by a voluntary special assessment lien on the property, which automatically transfers upon sales or foreclosure unless the owner elects to prepay.
C-PACE has great potential to directly affect a building’s bottom line. The savings in utility costs from the improvements typically offset the cost of installation, resulting in immediate cash flow positive projects.