C-PACE is a private, affordable, long-term financing vehicle funded nationwide by billions of dollars in ethical investments, and enabled through a public-private partnership enacted by state or local municipality law. The funding is earmarked solely for energy-related improvements and water conservation projects on commercial property developments. C-PACE is a smart and cost-efficient way to increase commercial property values and make buildings more energy-efficient and profitable in both the short and the long-term.
C-PACE makes it possible for commercial property owners to obtain low-cost, long-term financing for energy efficiency, water conservation, and renewable energy projects. C-PACE authorizes flexible, long-term and inexpensive capital; works well alongside most other financing tools; and can complement pre-existing financing and development strategies. Because C-PACE funds up to 100% of the hard and soft costs of commercial building upgrades and construction elements that improve energy performance, this financing is becoming increasingly sought-after. The projects financed with C-PACE are achieving strong increases in return on equity as well as dramatic decreases to their overall weighted average cost of capital given the unique attributes of this financing mechanism.