Colorado C-PACE for Renewable Energy Contractors
As a solar PV contractor, you have no doubt faced this typical scenario:
- Your sales team has identified a potential client
- You know the solar PV equipment needed
- Your proposal has been submitted
- The owner’s reaction: “I’m skeptical about the savings projections”
Now, with C-PACE financing, you can get past an owner’s skepticism by presenting projects with energy savings and cash flow projections that include the following benefits:
- Are reviewed and confirmed by independent, 3rd party experts
- Integrate 25-year Colorado C-PACE financing
- Incorporate ITC and MACRS depreciation to maximize cash flow (where applicable)
- Outstanding C-PACE assessment amount does not accelerate at time of sale
- Payment obligation automatically transfers to new owner upon sale
Colorado C-PACE long-term financing enables a new cash-flow-focused solar PV project development that provides a compelling opportunity for the building owner:
- Energy costs: Decreased
- Building cash flow: Increased
- Technical projections: Confirmed by an independent 3rd party
- Financial projections: Confirmed by an independent 3rd party
Sound too good to be true? Contact us to learn how Colorado C-PACE is enabling contractors to propose too-good-to-be-true projects.
Moreover, at no cost to contractors, our C-PACE experts will help you:
- Identify: Eligible properties
- Prepare: A proposal including C-PACE benefits
- Develop: An optimized project incorporating Colorado C-PACE financing
- Assist: With the presentation of the project to the owner and mortgage holder
- Source: Capital providers to determine “best-fit” financing
Get Started Today. Colorado C-PACE is now up and running in the following counties.
Displayed below is an overview of the key steps involved in the Colorado C-PACE project life cycle. Click on the “>” icon associated with each step to view additional details.
- Learn about C-PACE program benefits
- Learn about Colorado C-PACE contractor tools and support services
- Apply to become a registered Colorado C-PACE contractor
- Once registered, have your firm’s name listed on the Colorado C-PACE website
- Screen potential projects using the tools you received during training
- Prequalify projects using the program-provided PACEcheck™ Report
- Prioritize your prospects
- Collaborate with Colorado C-PACE director to include relevant program benefits
- Prepare preliminary proposal with the help of the C-PACE program administrator
- Deliver the proposal and secure a meeting date with building owner
- C-PACE program administrator will attend if you wish
- Review building financial prequalification metrics, e.g. loan-to-value %
- Discuss building improvement needs and potential savings impact
- Review mortgage holder consent process
- Secure authorization to proceed to project scenario development
- Conduct building walk-through
- Prepare feasibility study with system costs and savings estimates
- Deliver project costs and savings data to Colorado C-PACE director
- Collaborate with Colorado C-PACE team to optimize project scenario, including financing assumptions
- Colorado C-PACE director will then prepare draft PACEworx™ Report for the project
- C-PACE program administrator will attend with you if you prefer
- Review draft PACEworx™ Report with building owner to review project technical projections
- Incorporate any final revisions into report
- Secure authorization to proceed to mortgage holder consent and project financing
- Colorado C-PACE team reviews PACEworx™ Report with mortgage holder
- Secure mortgage holder consent to record C-PACE assessment
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