What is C-PACE?
C-PACE is a flexible, long-term financing option for measures that improve a building's energy performance and resilience against natural disasters. C-PACE financing is secured by a voluntary tax that is pari passu with property taxes.
C-PACE can finance new construction, gut rehabs, building retrofits, and single-measure building upgrades often with no upfront cost, and can refinance out more expensive capital with attractive terms for completed projects.
C-PACE 101
Key Attributes:
- Can cover 100% of hard & soft costs
- Non-recourse financing
- Low-cost, fixed or variable rate*
- Up to 30 year amortization
- Increases cash flow & preserves equity
Eligible Measures:
- Energy & water efficiency: HVAC, electrical, plumbing | Building envelope (windows, doors, insulation) | Roof replacement/repairs | Elevator modernization | Site irrigation*
- Renewable energy: Power creation (solar, wind, etc) | Energy storage and microgrids | EV charging
- Resiliency*: Fire suppression and wildfire hardening | Wind and hurricane resistance | Seismic strengthening | Stormwater and flood mitigation
Sample Projects:
- New construction of a hotel
- Elevator modernization for an existing office building
- Solar array installed on a pediatric practice
- Adaptive reuse of a historic building into a mixed-use apartment community
- HVAC and roof upgrade at a warehouse facility