C-PACE (Commercial Property Assessed Clean Energy) is a relatively new and quickly growing alternative financing mechanism that provides upfront capital for qualified energy improvements. C-PACE makes it possible for owners and developers of commercial properties to obtain low-cost, long-term financing which is paid back through an semi-annual assessment on the owner’s property tax bill.
C-PACE is a public-private partnership enabled by state and local legislation, allowing private lenders to provide financing for eligible measures that improve building energy performance.
C-PACE facilitates the reduction of greenhouse gas emissions by making the shift to clean energy sources a financial reality and plays a vital role in supporting state and local governments in their initiatives to drive sustainable, efficient upgrades within their community’s infrastructure. All of this is accomplished while reducing costs for building tenants and enhancing property values for building owners and developers.
Through C-PACE, businesses can finance building retrofits, gut rehabilitations and new construction with no upfront costs and, in some markets, eligible projects can be funded retroactively to replace more expensive financing.
100% financing of hard and soft costs with no out-of-pocket
Increases net operating income and property value
Fixed-rate financing with up to 30-year terms
Promotes economic development and urban revitalization
Ability to Recover Operating Expenses
Displaces higher cost mezzanine and equity capital
Decreases utility and maintenance costs
Facilitates sustainable building design
Ebee delivers a process designed to produce meaningful results to financing and developing commercial projects involving energy and water efficient retrofits, redevelopments, and new construction.
Our proprietary process and unique financing program leveraging C-PACE helps our clients afford start-to-finish energy savings projects. From analysis, to financing, planning, and construction management, we work with clients to achieve positive cash flow for their facility upgrades while saving time, energy, and resources.