Use C-PACE financing to retrofit your building
C-PACE retrofit financing allows building owners to install green energy upgrades today and pay for them over time. It can cover up to 100% of costs at low-interest rates with terms up to 25 years.
Positive cash flow in year one
Install green energy upgrades today and pay for them over time, with savings that can be cash-flow positive in year one.
Improve comfort and value
Energy improvements can make buildings more comfortable, competitive, and valuable.
Finance up to 100%
C-PACE can finance up to 100% of eligible green energy upgrades with terms up to 25 years.
How it works
Building owners work with contractors to develop projects that reduce energy usage, including lighting, HVAC, insulation, motors, pumps, solar panels, EV charging infrastructure, and other upgrades. The Green Bank or a qualified capital provider finances the project, and payments are made through a municipal-style property assessment.
Project requirements
- An energy audit or feasibility study must be completed.
- Upgrades must lower energy consumption or enable clean energy production.
- Upgrades must be permanently affixed to the property, with limited exceptions.
- The assessment term must not exceed the weighted average expected useful life of the measures, unless approved by the Green Bank.
- All energy measures together must meet a savings-to-investment ratio greater than 1, except EV charging infrastructure where exempted.
- All C-PACE transactions require approval by the Green Bank as statewide administrator.
Eligible measures
Solar panels, lighting, EV charging infrastructure, heating and cooling, insulation, motors, windows, and pumps are just a few examples. Any measure that lowers energy consumption or produces clean energy may be eligible.
It’s easy to get started!
Building upgrades are best accomplished with the help of an experienced partner. We’re here to help you get the job done.
Connecticut building owners are going greener!
Renovated state-of-the-art sports facility will have almost $2 million in lifetime energy savings.
See how C-PACE financing helped support meaningful energy savings for a Connecticut building owner.