What is C-PACE?

A great fit for your project

What is C-PACE Financing?

Commercial Property Assessed Clean Energy (C-PACE) is a financing program enabled by a state to encourage efficient building practices. A building owner has access to low-cost, long-term, non-recourse private capital funding. The amount of funding is determined by the equipment and other costs in the construction budget that impact energy & water use, renewable improvements, or building resiliency. The repayment of the private capital is made through a long-term special tax assessment on the property.

PACE Equity exclusively funds commercial real estate projects.

How C-PACE Financing Works

Why use private capital C-PACE financing? Here's why:

Which Improvements are Eligible to Calculate Available Funding?

It is not a requirement to change your building design when you work with PACE Equity. Projects can qualify with the design you already have planned.

Keep in mind that this is not an exhaustive list; every state has unique options for eligibility. Some states have special “Savings to Investment Ratio” requirements. In all cases, states and municipalities want to encourage sustainable building practices. C-PACE financing provides a win for developers/owners AND for communities.

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PACE Financing Eligible Improvements

Where Is PACE Equity Financing Available?

PACE Equity is available in states and cities across the U.S. and continues to grow. We believe in working locally and building long-term relationships. As C-PACE legislation expands, so do we.

We are committed to forming local, lasting relationships. Our Managing Directors are not only experts on C-PACE Financing, they're your neighbors.

Find Your Local Contact

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What’s the Difference between PACE and C-PACE?

You’ll find that we use the terms “PACE” and “C-PACE” interchangeably. PACE stands for Property Assessed Clean Energy. PACE encourages sustainable building practices when states enable low cost private capital to use property tax assessments for capital repayments.

C-PACE designates the Commercial version of PACE. PACE Equity exclusively funds commercial real estate projects.

What Asset Classes does PACE Equity fund?

Senior Housing Case Study

The Parkdale – MI - $2.4 million

Case Study

Office Case Study

Landmark Building – NE - $10.4 million

Case Study

Retail Case Study

Regency Landing – NE - $2.6 million

Case Study

Hospitality Case Study

JW Marriott – Dallas, TX - $5 million

Case Study

Industrial Case Study

Vortex Cold Storage – MN - $4 million

Case Study

Multifamily Case Study

Luna Apartments – FL - $10.5 million

Case Study

What Kinds of Projects Does PACE Equity Fund?

Can I Get Funding for Completed Projects?

Yes! In certain states, refinancing is available for projects completed within the last 3 years. This is an excellent way to:

Get access to liquidity reserves
Reduce debt
Refinance equity
Cover cost overruns

You can take advantage of prior improvements which impact utility spend (HVAC, lighting, windows, building envelope, etc.), water efficiency, renewable energy, and/or resiliency. Our in-house engineers analyze your building improvements and then calculate the maximum funding amount and amortization term starting from when the improvements were installed. Your funding amount is based on this retroactive energy savings.

Learn more about Refinancing with PACE Equity.

C-PACE Requires 87 Steps… And We Do Them All

We’ve created a unique process that maximizes your funding and amortization term. We’ve learned from the hundreds of projects we’ve done across our own engineering and leadership teams. Our end-to-end process delivers a seamless experience you can only find at PACE Equity:

In short, we manage the details, so you can focus on your project.

Our Approach to Financing

Low Rates for Low Carbon Buildings

Can I use PACE Equity and get green building verification?

Yes! PACE Equity now offers a low carbon option called CIRRUS™ Low Carbon financing which combines C-PACE financing with a low carbon verification by a third party. The program provides financial benefits, including a reduced rate, for pursuing enhanced energy efficiency. We add a building plaque and marketing toolkit so your low carbon building gets the promotion it deserves. We’ll build a business case to show you how the financial benefits compare to any incremental design costs.

More Questions? We Have Answers.

Review the Frequently Asked Questions from developers, owners & lenders.

Or contact us — we are glad to answer your questions and talk through your next project.

Short on time? Fill out an online application form to Get Started.

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Watch our 30 minute webinar on PACE Equity financing and the option for CIRRUS Low Carbon financing

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"When everything else was complicated, PACE Equity stood out as easy."

David Crisafi

Principal, Ceres Enterprises