Commercial Property Assessed Clean Energy (C-PACE) Financing

Commercial Property Assessed Clean Energy (C-PACE) is an alternative financing mechanism for property upgrades that improve energy efficiency, utilize renewable energy, conserve water and more. C-PACE makes it possible for owners of commercial, industrial, multifamily, and nonprofit properties to obtain low-cost, long-term, fixed-rate financing funded by private capital providers. Currently, 30+ states including New York have enacted C-PACE legislation, enabling more than $1 billion in private financing of 2,000+ projects.

100% Financing | High Leverage Possible

C-PACE financing is up to 100% of total improvement costs, subject to tax-assessed value of the property. C-PACE is not a loan and so not included in the typical loan to value ratio calculation.

Long Term | Affordable Fixed Rate

C-PACE financing has a term of up to 20 years and a fixed rate more affordable than the usual preferred equity, second mortgage or unsecured debts.

No Acceleration

While the full assessment amount is recorded on the property records, only the annual payment may be collected, even in a default situation.

Transferrable at No Cost

C-PACE can be transferred to a new owner of the property with no consent or assignment required. It can also be repaid upon the ownership change if desired.