Stakeholders

A number of different stakeholders benefit from C-PACE financing. See below for the major parties involved in most C-PACE transactions.

Property Owners

Property Owners can use C-PACE to cover 100% of their clean energy, IAQ or resiliency project costs and then make repayments over time through a special assessment similar to a property tax assessment.

Capital Providers

Capital Providers provide C-PACE financing to Property Owners. Capital Providers benefit from stable, long-term repayments secured by special assessments on the borrowers’ properties.

Engineers

Each C-PACE project must generate measurable energy savings, water usage reductions, improve IAQ or building resiliency. Engineers evaluate the impact of each project.

Developers

Developers can use C-PACE financing for new construction buildings that exceed the building energy code requirements, enhance IAQ or resiliency. C-PACE helps developers build greener buildings while accessing competitive capital.

Mortgage Holders

Existing Mortgage Holders must provide written consent for the Property Owner to enter into a C-PACE financing agreement. Mortgage Holders benefit from increased collateral value and building cash flow associated with most C-PACE projects.

Why C-PACE?

C-PACE can help property owners achieve significant savings on their utility bills while reducing their carbon footprints, improve indoor air quality and/or strengthen properties’ resiliency.

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Ready to Apply?

Complete the Pre-Application form on our Program Resources page or contact us for more information.

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“C-PACE has range! The use of proceeds, flexibility of how the assessment financing can fit into a project’s capital stack and repayment terms make C-PACE financing a very attractive resource. I am looking forward to utilizing C-PACE assessment financing in the future and plan on sharing with others the benefits of the program.”

-Chris Cordaro, formerly Vice President, EB Realty Management Corp., The Met, 858 N. Broad St