C-PACE FOR COMMERCIAL REAL ESTATE DEVELOPERS

Commercial property assessed clean energy (C-PACE) is an innovative new financing mechanism for commercial real estate developers. It enables you to access affordable, long-term, non-recourse financing for the installation of energy efficiency and renewable energy measures, and the more efficient your building design, the more financing you can receive.
You can access C-PACE financing for up to 20 percent of your building’s total eligible construction cost if you design the building to exceed the 2015 International Energy Conservation Code (IECC) by 5 percent or more. (Meet IECC 2015 and still receive 15 percent.)
Financing is provided by private capital providers in an open market so you can choose the most competitive rates and terms, and is repaid through a voluntary assessment that is recorded on the property, similar to a sewer assessment. Repayment terms can extend up to 25 years—and you can transfer the assessment to a new owner if you sell the property.
Today, there’s no longer any reason to “value engineer” energy efficiency and renewable energy measures out of a project. C-PACE can help build a more sustainable, high-performing building from the start while reducing your equity contribution. C-PACE provides the following benefits including but not limited to the following:

• Finance up to 20 percent of your construction costs with affordable, fixed-rate, non-recourse financing
• Reduce your owner-equity contribution, mezzanine financing and other forms of high-cost capital
• Fill gaps in your capital stack
• Reduce your building’s energy use and cost
• Build a more valuable and competitive building.
• It’s possible, thanks to the C-PACE program

Contact us to learn more about C-PACE.

• Energy costs: Decreased
• Building cash flow: Increased
• Technical projections: Confirmed by an independent 3rd party
• Financial projections: Confirmed by an independent 3rd party

Contact us to learn more about C-PACE.

WHAT IS C-PACE FOR NEW CONSTRUCTION?

Commercial property assessed clean energy (C-PACE) is an innovative new financing mechanism for commercial real estate developers. It enables you to access affordable, long-term, non-recourse financing for the installation of energy efficiency and renewable energy measures, and the more efficient your building design, the more financing you can receive.
You can access C-PACE financing for up to 20 percent of your building’s total eligible construction cost if you design the building to exceed the 2015 International Energy Conservation Code (IECC) by 5 percent or more. (Meet IECC 2015 and still receive 15 percent.)
Financing is provided by private capital providers in an open market so you can choose the most competitive rates and terms, and is repaid through a voluntary assessment that is recorded on the property, similar to a sewer assessment. Repayment terms can extend up to 25 years—and you can transfer the assessment to a new owner if you sell the property.
Today, there’s no longer any reason to “value engineer” energy efficiency and renewable energy measures out of a project! Thanks to C-PACE, you can build a sustainable, high-performing building right from the start, while reducing your equity contribution.

HOW DOES IT WORK?

You start by either engaging with aC-PACE project developer to help you through the process, or by submitting a Pre-Qualification Submission Form, on which you’ll be asked to confirm that your building will be designed to meet or exceed IECC 2015. You’ll also need to provide construction costs by trade component to determine the total eligible construction cost.
Next, the C-PACE program administrator will coordinate with you and your engineering/construction/energy modeling firms, where necessary, to ensure that all parties understand theC-PACE program requirements, and that the project is consistent with potential utility incentives.

LEARN MORE

Contact us today to learn more about C-PACE for new construction.