Commercial Property Assessed Clean Energy (C-PACE)

Commercial Property Assessed Clean Energy (C-PACE) is a financing program that allows property owners to fund energy efficiency, renewable energy, and water conservation projects through a property tax assessment. The cost is repaid over time as an assessment on their property taxes, sharing benefits like reduced energy costs and environmental impact. C-PACE helps property owners access affordable, long-term funds for sustainable upgrades without impacting their existing financing or cash flow, encouraging investment in greener infrastructure with the repayment tied to the property's tax bill rather than the owner's immediate budget.