Commercial Property Assessed Clean Energy (C-PACE) Program

C-PACE is a financing mechanism that offers fixed-rate interest, long-term financing for energy efficiency, renewable energy, water conservation, and resiliency projects on commercial and industrial properties, both in existing buildings and in new construction projects. Up to 100% of project costs can be financed by qualified capital providers, then repaid over the lifetime of the project as an assessment on the property’s regular tax bill. By reducing initial cost barriers, this program helps participating commercial property owners implement energy efficient capital improvements and avoid deferring maintenance.