What is C-PACE

C-PACE or Commercial Property Assessed Clean Energy is a long term financing tool for commercial property owners to pay for energy efficiency upgrades

A City or County creates a land secured financing district. Property owners sign up for financing to install energy projects. The lender then provides funds to pay for project. 

Property Owners then install upgrades to their facilities then the C-PACE loan is paid back through a special assessment on their property taxes 

Benefits of C-PACE 

Cash flow positive from day one and increased property value 

Solves split incentive problem, payments can be passed easily to tenant 

Financing is not tied to the credit of the property owner or developer

Decreases maintenance cost and increases net operating income 

Non-recourse (no personal guarantee) payments run with the land and are

transferred to subsequent owner upon sale of property 

Long term with no upfront cost - 100% financing 

Energy savings can fund C-PACE assessment payments 

Creates Local Jobs 

Lower cost of doing business 

Healthy Environmental Impact 

Before 

After 

C-PACE in the Capital Stack

Senior 

 Debt

Mezzanine

     Debt

Equity

Senior 

 Debt

C-PACE

Equity

Active C-Pace States 

C-PACE Legislation is constantly developing. Currently these are the markets with funded projects

• Oregon

• California

• Utah

• Colorado 

• Texas

• Nebraska

• Missouri

• Arkansas 

• Minnesota 

• Wisconsin

• Michigan

• Ohio

• Kentucky

• New York

• New Hampshire

• Maryland 

• Rhode Island 

• Washington DC 

• Virginia

• Florida 

​       In Process 

• New Jersey

• Illinois 

• Georgia

• Pennsylvania 

• Massachusetts 

• Nevada 

Improving Your Asset Efficiently 

Heating/Ventilation

Lighting

Insulation

Solar Energy

Roofing

Multi Family

Windows

Plumbing