C-PACE

All types of commercial properties can use C-PACE, Commercial Property Assessed Clean Energy, for green upgrades to new and existing buildings.

Higher performing buildings are made possible through an experienced contractor network and access to attractive financing repaid through a simple and secure repayment mechanism.

C-PACE works for nearly any type of commercial property in municipalities that participate in C-PACE. Manufacturing facilities, offices, retail establishments, houses of worship, nonprofits, and other buildings can benefit from energy efficiency and clean energy updates.

To be eligible for C-PACE financing:

• The property must be located within a municipality that has passed a resolution and opted into C-PACE.
• The applicant must provide evidence that they are the legal owner of the property, and all legal owners of the property agree to participate.
• The property must be a nonresidential property, or a multifamily property containing 5 units or more.
• The property must have a property tax identification number. For building owners who are exempt from property tax liability, the municipality can issue a property tax ID for collection purposes.
• The property owner must provide evidence that the mortgage holder (or holders) on the property consents to the C-PACE assessment. The Green Bank will work with the mortgage holder to gain consent.
• The borrower must sign a disclosure of risk form summarizing the risk for C-PACE financing.