Commercial Property Assessed Clean Energy
Our Commercial Property Assessed Clean Energy (CPACE) loans allow businesses to take the next step in building a sustainable infrastructure and supporting a greener economy.
What We Do
Property Assessed Clean Energy (PACE) is a financing option for renewable energy such as solar, energy efficiency upgrades such as new windows or HVAC units, conservation projects like green roofs and water use systems, seismic strengthening, and much more. The capital is repaid through a long-term special tax assessment on the property. CPACE is the commercial variation of PACE that exclusively funds commercial real estate projects.
Who We Serve
CPACE programs are active in 33 states* and counting. We serve industrial properties, multi-family homes, office space, retail buildings, senior housing, and special purpose facilities across the country. This includes:
01. New Construction
02. Renovation + Redevelopment
03. Retroactive Financing
04. Building Expansion
05. Tenant + Capital Improvements
What We Offer
Reduce Risk, Non-Recourse, and Non-Accelerating Funding
Reserve working capital with up to 100% financing
Transferable with the Sale of the Property
Retroactive Financing Available on Projects Completed in Last 3 Years
First Payment Deferral
Costs can be Shared with Tenants
Low-Cost Alternative to Mezzanine Debt
Subject to credit approval. Terms and conditions apply.
*States with active CPACE programs as of June 2023 include: AK, AR, CA, CO, CT, DE, DC, FL, HI, IL, KY, ME, MD, MA, MI, MN, MO, MT, NE, NJ, NV, NY, OH, OK, OR, PA, RI, TN, TX, UT, VA, WA, WI