Connecticut’s C-PACE (Commercial Property Assessed Clean Energy) program continues to be successful thanks to pacesetters, the building owners, contractors, municipalities, and other stakeholders who use this innovative financing structure to make energy improvements.
In Quarter 1 of 2020, the program reached 308 total funded projects in Connecticut, and the total amount of project financing has surpassed $164 million. Building owners are continuing to find that C-PACE is an innovative way to make money-saving clean energy projects viable at their properties.
With 134 cities and towns participating in the program, building owners across the state can access C-PACE financing for projects from small to large, with the average project size cost above $500,000. Any upgrade that reduces energy costs or produces renewable energy, like solar photovoltaic systems, can qualify for C-PACE.