C-PACE (Commercial Property Assessed Clean Energy) is a financing solution for long term investments into a commercial property. With C-PACE, building owners can enjoy the advantages of energy upgrades immediately and pay for them over time through a voluntary assessment lien that is repaid annually along with municipal property taxes.
C-PACE allows building owners to:
- Take control of energy costs to save money and increase their bottom line: Positive cash flow resulting from lower, more predictable energy costs allow you to focus on your core business
- Make their building more comfortable: Invest in upgrades that improve your building, making your facility more enjoyable and attractive for you, your employees, tenants, or customers
- Act with confidence: Finance 100% of green energy upgrades that are determined by you and your consultant
Owners of commercial and agricultural properties that would like to improve their properties to save energy, conserve water, and/or generate renewable electricity should check with SEF to see C-PACE financing is available in their area. If the county or municipality has not adopted C-PACE, then the property owners should contact Sustainable Energy Fund (SEF) for information on how to advocate for a program in their community. SEF will maintain a list of participating local governments.