C-PACE Loans

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C-PACE provides affordable, long-term financing for energy efficiency, water efficiency, and renewable energy projects—as well as seismic retrofits, and much more—for commercial and industrial buildings. Funds may be available for up to 100% of the hard and soft costs of the commercial building upgrades and new construction for components that improve energy performance.

The financing is provided by private capital providers in an open market, so you can select the best terms. Repayment is facilitated through a voluntary energy assessment lien on your property (similar to a tax or sewer assessment) and is repaid over the useful life of the upgrade, which is often up to 30 years. The rate on these assessments is a fixed rate throughout the term. There is no money down and typically no personal guarantee required. Best of all, projects may deliver energy cost savings that outweigh the PACE payments which improves your net operating income.

Features of a C-PACE Loan:

Existing Buildings

■ Up to 100% financing (soft and hard costs)

■ Projects are typically cash-flow positive

■ Personal guarantees are typically not required

■ Long-term (up to 30 years)

■ Lower utility bills

■ Open-market financing

■ Owner retains all tax incentives

■ Can be combined with utility incentives

■ Can be transferred upon sale and does not accelerate

New construction:

■ Can reduce your equity contribution and fill gaps in your financing plan 

■ Finance up to 20% of your eligible construction costs at relatively low rates 

■ Reduce your out-of-pocket project expense with no impact on your working capital or credit 

■ Reduce long-term operational costs 

■ Tap into a practical, economic solution to achieve sustainability 

■ Build a more valuable, efficient, and competitive property

Eligible Property Types:

• Retail
• Industrial
• Hospitality
• Office
• Multifamily
• AND MORE!

Examples of Eligible Improvements:

■ Automated building controls 

■ Boilers, chillers, and furnaces 

■ Building envelope (insulation, windows) 

■ Combined heat and power systems (CHP) 

■ High-efficiency lighting 

■ Hot water systems 

■ HVAC upgrades and controls 

■ Solar PV and energy storage systems 

■ Roof upgrades 

■ Water efficiency 

■ EV charging stations 

■ More

C-PACE provides affordable, long-term financing for energy efficiency, water efficiency, and renewable energy projects—as well as seismic retrofits, and much more—for commercial and industrial buildings. Funds may be available for up to 100% of the hard and soft costs of the commercial building upgrades and new construction for components that improve energy performance.

The financing is provided by private capital providers in an open market, so you can select the best terms. Repayment is facilitated through a voluntary energy assessment lien on your property (similar to a tax or sewer assessment) and is repaid over the useful life of the upgrade, which is often up to 30 years. The rate on these assessments is a fixed rate throughout the term. There is no money down and typically no personal guarantee required. Best of all, projects may deliver energy cost savings that outweigh the PACE payments which improves your net operating income.

Features of a C-PACE Loan:

Existing Buildings

■ Up to 100% financing (soft and hard costs)

■ Projects are typically cash-flow positive

■ Personal guarantees are typically not required

■ Long-term (up to 30 years)

■ Lower utility bills

■ Open-market financing

■ Owner retains all tax incentives

■ Can be combined with utility incentives

■ Can be transferred upon sale and does not accelerate

New construction:

■ Can reduce your equity contribution and fill gaps in your financing plan 

■ Finance up to 20% of your eligible construction costs at relatively low rates 

■ Reduce your out-of-pocket project expense with no impact on your working capital or credit 

■ Reduce long-term operational costs 

■ Tap into a practical, economic solution to achieve sustainability 

■ Build a more valuable, efficient, and competitive property

Eligible Property Types:

• Retail
• Industrial
• Hospitality
• Office
• Multifamily
• AND MORE!

Examples of Eligible Improvements:

■ Automated building controls 

■ Boilers, chillers, and furnaces 

■ Building envelope (insulation, windows) 

■ Combined heat and power systems (CHP) 

■ High-efficiency lighting 

■ Hot water systems 

■ HVAC upgrades and controls 

■ Solar PV and energy storage systems 

■ Roof upgrades 

■ Water efficiency 

■ EV charging stations 

■ More