C-PACE builds stronger, healthier communities
Commercial Property Assessed Clean Energy gives commercial, industrial, nonprofit, and multifamily property owners access to affordable, long-term financing for green energy upgrades.
For municipalities, C-PACE can help grow local economies, increase the portfolio of energy-efficient buildings, and support stronger, healthier communities.
What is C-PACE?
C-PACE is a proven and familiar means of financing, and the Green Bank is deeply experienced in making the process go smoothly. Nearly 140 of Connecticut’s 169 towns and cities have already chosen to participate.
C-PACE works for nearly any type of commercial property. Manufacturing facilities, offices, retail establishments, houses of worship, nonprofits, and other buildings can all benefit from energy efficiency and clean energy updates.
How can C-PACE help your community?
- Grow your economy: C-PACE supports job growth, property values, stable tax bases, and local investment.
- Improve your building stock: C-PACE helps create a stronger portfolio of modern, higher-performing buildings.
- Provide support to businesses: Energy costs significantly affect businesses, and C-PACE gives local leaders another tool for outreach.
How to get started if your municipality is not participating in C-PACE
If your town or city is not already participating in C-PACE and would like to, contact the Green Bank to start the process. The Green Bank can provide the information and guidance necessary to move forward.
For municipalities to join the C-PACE program, their legislative body must opt in by passing a resolution and signing an agreement with the Green Bank.