Now Available in Pennsylvania
C-PACE — powerful capital for efficient buildings.
Commercial Property Assessed Clean Energy financing promotes energy efficiency in CRE. Non-recourse, often 100% of qualifying costs, and structured to keep overall carrying costs down.
The Opportunity
Replace expensive mezz or JV equity in the stack.
Available in more than thirty states — including Pennsylvania, Delaware, New York, and Florida — C-PACE helps property owners finance new construction and upgrades that improve efficiency, reduce operating expenses, and lower a property's carbon footprint. Proceeds fund permanently affixed improvements: HVAC, LEDs, windows, water efficiency, solar, and resiliency measures.
100% Financing
Covers qualified hard and soft costs, including design and engineering.
Non-Recourse
Obligation evaluated on property cash flow — not personal guarantees.
Transferable
Assessment transfers automatically on sale with no payoff required.
Long-Term
Amortization matched to the useful life of the improvements.
How owners utilize C-PACE
Finance qualified capital improvements with an amortized payment matched to useful life. Efficiency upgrades can increase NOI when utility savings exceed the property tax increase attributable to the C-PACE payment — with accelerated depreciation and related tax benefits often available.
FAQ
Common questions, clear answers.
What is C-PACE?
Commercial Property Assessed Clean Energy (C-PACE) is long-term financing secured by a voluntary parcel tax assessment. It can take the place of expensive JV equity or mezzanine financing, provides 100% financing for covered costs, is transferable in a sale, and is non-recourse to the sponsor.
Is C-PACE a loan?
No. C-PACE is assessment financing — the same mechanism historically used for street upgrades, school bonds, and public infrastructure — applied voluntarily to upgrade an individual property.
What differentiates C-PACE from a loan?
C-PACE is non-accelerating, non-recourse, and automatically transferable upon sale with no additional due diligence or payoff required. The assessment can also be prepaid at any time without penalty.
Is this debt or equity?
Neither. It's an assessment. Payments are known in advance, recorded on real property records with a predetermined amortization schedule, and can never be accelerated based on transfer of ownership or refinance of mortgage debt.
How are assessments repaid?
In most states, C-PACE is billed as a line item on the property tax bill and paid at the same time as property taxes.
What can proceeds finance?
Infrastructure or property-level improvements permanently affixed to real property — HVAC, LEDs, windows, water efficiency, solar, seismic/flood/storm resiliency, and related design and engineering costs.
Lenders from commercial banks and credit unions to SBA, life companies, CMBS, and private lenders have endorsed C-PACE financing. Need the one-page acknowledgment language or stack structuring help?
Contact Us About C-PACENext Step
Ready to put C-PACE in your capital stack?
We can arrange C-PACE financing as part of your overall structure and answer the questions your lenders will ask.