Building owners can use C-PACE financing to retrofit their buildings
C-PACE retrofit financing helps contractors strengthen offers to new and existing clients by allowing owners to install green upgrades today and pay over time.
Cash flow positive in year one
Help clients install upgrades today and pay over time through savings.
Improve comfort and value
Help owners deliver stronger, more comfortable, more valuable buildings.
Offer up to 100% financing
Strengthen project proposals with C-PACE financing for eligible green upgrades.
How it works
Building owners work with contractors to develop projects that reduce energy usage. Contractors work with technical advisors to provide savings projections, and the Green Bank or a qualified capital provider finances the project through an assessment placed on the property.
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 a few examples of eligible improvements.
More information about C-PACE
It’s easy to get started!
Partner with the Green Bank to offer your customers competitive financing for any project.