C-PACE (Commercial Property Assessed Clean Energy) helps commercial, industrial, agricultural and non-profit property owners access long-term financing for smart energy upgrades to their buildings.
Mortgage holders benefit from C-PACE, too. C-PACE energy improvements are paid for out of the savings that the project creates. Borrowers should realize improved cash flow, leaving them less encumbered and able to repay the financing. Modernized buildings are stronger and more valuable assets on the mortgage holder’s balance sheets. And because building owners are required to get their mortgage holder’s consent before their project is eligible for financing, mortgage holders are involved in determining a property’s eligibility.