What is C-PACE?

C-PACE (Commercial Property Assessed Clean Energy) enables commercial property owners to access low-cost, long-term financing for energy efficiency, water conservation, and renewable energy projects.

Most commercial property types are eligible, including offices, retail, industrial, hospitality, and multifamily.

Established through state-level legislation, C-PACE treats clean energy and resiliency upgrades as a public benefit—similar to sidewalks, sewers, or other infrastructure. As a result, projects can be financed with no upfront capital and repaid through a special assessment on the property tax bill, typically over 20 to 30 years, aligned with the useful life of the improvements.

The C-PACE assessment runs with the property (not the owner), transfers upon sale, and can be passed through to tenants when appropriate.

In addition to supporting sustainability goals, C-PACE financing reduces annual operating costs and offers superior terms compared to traditional financing—making it ideal for both retrofits and green new construction.