Loans through the C-PACE program can be made to any property owner in good standing located in a participating county. Funding for the loan can come from “any public or private financing note, mortgage, loan, deed of trust, instrument, refunding note, or other evidence of indebtedness or obligation used to finance a qualified project.” While loans in other states are generally made from private equity capital providers, Pennsylvania is an open market so the property owner can borrow from a firm of their choice. 

Another key aspect of C-PACE in PA is the required Lender Consent. Before a property can be subject to a C-PACE assessment, any financial institution holding a lien, mortgage or security interest in or other encumbrance of the real property must be given notice and must provide written consent to the property owner and county that established the program that the property may participate in the program.