Commercial Property Assessed Clean Energy (C-PACE) is a relatively new and quickly growing alternative financing mechanism for businesses of all sizes. 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 annual assessment on the organization’s property tax bill.Learn More
C-PACE is a safe, increasingly popular financing option for lenders across the country. Using C-PACE financing for a client's energy efficient new build or retrofit is a win-win situation for both the lender and the property owner or developer. For the lender, the value of the property increases when energy efficient upgrades are made, allowing the project to move ahead without the need to raise capital ahead of time. For owners and developers, this increase in property value is transferable to the new owner if the property is sold.
In a word, no. It’s a voluntary special assessment that is collected with the property’s yearly real estate tax.
C-PACE is transferable and stays with the property. The assessment will transfer to the new owner and will be paid through the property tax.
A case study conducted by the University of California at Berkley and Lawrence Berkeley National Laboratory concludes that poor energy efficiency in commercial properties may predict risk of default.
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.