What is C-PACE for new construction?

Colorado commercial property assessed clean energy (C-PACE) is an innovative new financing mechanism that allows real estate developers to access affordable, long-term, non-recourse financing for the installation of energy efficiency and renewable energy measures in new buildings. The fixed-rate financing is provided by private capital providers through an open-market model to enable competitive rates and terms, and is repaid through a voluntary assessment that is recorded on the property (similar to a sewer assessment) that can extend up to 25 years.

You can access Colorado C-PACE financing for up to 20 percent of your building’s total eligible construction cost if you design the building to exceed the 2018 International Energy Conservation Code (IECC) by 5 percent or more. (Meet IECC 2018 and still receive 15 percent.)

Repayment is facilitated through the municipal property tax assessment process.