C-PACE or Commerical PACE is a finance mechanism created to address challenges that have limited the adoption of energy efficiency and renewable energy projects in commercial buildings.
Commerical property owners across the US are using PACE financing because it lowers utility bills and increases property value. PACE pays for 100% of a project’s costs and is repaid for up to 20 years with an assessment added to the property’s tax bill. PACE financing stays with the building upon sale and savings are easy to share with tenants.
C-PACE is for properties that generate income from lease payments or revenues from businesses occupying those properties. It makes it possible for owners of commercial, industrial, and other non-residential properties to obtain low-cost, long-term financing for energy efficiency and renewable energy.
Typically, all costs associated with the installation of new components that improve energy efficiency of a building qualify for C-PACE.
- Ground mounted PV Systems
- Roof mounted PV Systems
- Solar carport
- Energy storage
- Electric vehicle plugin station
Our team of C-PACE experts are here to execute the paperwork and navigate through the legal complexity so that every one of our customers gets the maximum funding possible for their projects. We do this all day long to keep it simple for you.
We enjoy sharing our knowledge and educating our customers on the ins and outs of their financing options. Your savings is our success and we strive to ensure the best possible rates to save your family and your business money now and in the future.
*in total since 2017
Financing Your Commercial Solar Install
We'll help find the financing that's right for you.
We support many financing options and have relationships established with trusted national and local lenders. Regardless if you are bringing your own financial backing to the table or seeking a new loan option we will work with you to ensure the best financing options that work for you and your business.
Other Benefits of Going Solar Through C-PACE
When using C-PACE financing you are still eligible for other solar incentives and tax credits.
- You can still benefit from the 26% Federal Tax Credit
- You can still get 100% MARCS (Modified Accelerated Cost Recovery System) Deprecatiation
What if my lease is almost up?
PACE financing stays with the building and savings are easy to pass along from tenant to tenant.
Regardless of who initiates the PACE loan, flat rate payments are made to an assessment added to the property’s tax bill.
Incoming tenants are usually delighted to learn their electricity bills are reduced by relying on clean energy.
What kind of projects qualify?
This funding option is for renewable energy improvements and related costs including installation, financing, and administrative costs.
C-PACE is designed to reduce energy consumption or energy-related operating costs.
- PV Solar installs
- PV Solar repairs or upgrades
What if I sell my property?
C-PACE addresses the challenges associated with the sale of commercial property and is an ideal financing mechanism for people who don’t expect to stay with property long term.
By eliminating upfront costs and providing low-cost, long-term financing, C-PACE makes it easy for property owners to transfer repayment obligations and savings to a new owner upon sale.
Why is a fixed rate important?
A fixed rate a is a dependable flat annual or monthly payment that does not increase with time.
The cost of your bill does not fluctuate and usage costs don’t increase over time as they do when buying grid power from a provider.
Securing a fixed rate over the course of a 20 year loan gives people dependable rates today and accurate financial projections for the future.
What are payments like?
Our commercial customers energy bills are often cut in half when they convert to solar.
Instead of paying your electricty provider an undetermined and ever increasing rate for electricity you simply pay a smaller, predicatable and reliable fixed rate monthly payment to your C-PACE loan.
Your energy consumption will be evaluated throughouly to ensure that all of your electricity needs are supported by your new system.
C-PACE pays for 100% of a project’s costs and repayment is stretched over time for up to 20 years. This ensures that loan payments smaller than your current electricity bill.