c-pace
The Green Bank offers solutions for commercial buildings of all types to access green upgrades to new and existing buildings. More modern, sustainable buildings help owners save money, reduce their environmental impact, and create better spaces for their tenants, employees, and residents.
c-pace
The Green Bank offers solutions for commercial buildings of all types to access green upgrades to new and existing buildings. More modern, sustainable buildings help owners save money, reduce their environmental impact, and create better spaces for their tenants, employees, and residents.
c-pace
The Green Bank offers solutions for commercial buildings of all types to access green upgrades to new and existing buildings. More modern, sustainable buildings help owners save money, reduce their environmental impact, and create better spaces for their tenants, employees, and residents. Low cost, long term financing is repaid by the property owner over time through an assessment that is placed on the property.
What is C-PACE?
All types of commercial properties can use C-PACE (Commercial Property Assessed Clean Energy) for all types of green upgrades to new and existing buildings. Higher performing buildings are made possible thanks to an experienced contractor network and access to attractive financing repaid through a simple and secure repayment mechanism. Learn more about how the Green Bank makes C-PACE possible for retrofit and new construction projects.
It’s easy to get started!
Eligibility requirements
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 all benefit from energy efficiency and clean energy updates through C-PACE.
- The property must be located within a municipality that has passed a resolution and opted into C-PACE. Find out if your town or city allows C-PACE.
- The applicant must provide evidence that he or she is the legal owner of such property, and all legal owners of such 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.
C-PACE options for retrofit projects and developing or repositioning buildings
Link to: C-PACE Retrofit Financing
c-pace retrofit financing →
Increase your building’s value and comfort with financing for green improvements, including energy efficiency and renewable energy.
Link to: C-PACE New Construction Financing
c-pace new construction financing →
With C-PACE new construction financing, you can access affordable, long-term financing for the development of all types of properties.
