Commercial Property Assessed Clean Energy (C-PACE) is a state policy-enabled financing mechanism that allows building owners and developers to access the capital they need to make energy related deferred maintenance upgrades in their existing buildings, support new construction costs, and make renewable energy accessible and cost-effective.
C-PACE makes it possible for commercial property owners to obtain low-cost, long-term financing for energy efficiency, water conservation and renewable energy projects. Most commercial property types qualify for C-PACE financing.
The program starts with a state-level government policy that classifies clean energy upgrades as a public benefit – like a new sewer, water line or road.
Chris Ellis Sr. Director, Originations, Midwest Nuveen Green Capital