After registering to be a C-PACE Capital Provider in Pennsylvania, Capital Providers work with Property Owners to establish the C-PACE Financing Agreement and obtain consent from all mortgage and lien holders.
Register as a Capital Provider
Firms interested in participating as a C-PACE Capital Provider in Philadelphia must register as a statewide C-PACE Capital Provider through the Sustainable Energy Fund. A list of currently registered capital providers is available on the Capital Providers List page.
Work with Property Owner on C-PACE Project
Capital Providers can bring experience from previous C-PACE deals to Philadelphia property owners. In particular, Capital Providers can help Property Owners structure a financing agreement appropriate for their projects, obtain consent from existing mortgage holders, and compile Final Application documents.
Execute C-PACE Statement of Levy and Lien Agreement
After receiving Final Application approval, the Property Owner, C-PACE Capital Provider, City of Philadelphia, and PEA execute the C-PACE Statement of Levy and Lien Agreement, which memorializes for the public record that there is a C-PACE Special Assessment on the Property Owner’s real property, among other terms.
Financing will close and funds will be made available for the C-PACE Project on or after the date on which the C-PACE Statement of Levy and Lien Agreement is recorded. Payments to the Property Owner or contractor(s), subject to milestone distributions, will be payable as documented in the C-PACE Financing Agreement.
What is C-PACE?
C-PACE is a financing structure that allows commercial property owners to borrow money for energy and water efficiency improvements and renewable energy installations via a special assessment similar to a property tax assessment.Learn More