Consider adding C-PACE as a financial option for your commercial property owners
Despite using your most persuasive sales pitches, you just can’t convince commercial property owners to outlay cash for energy-efficiency upgrades on their buildings, especially true for owners of Class B and Class C buildings who are concerned about capital for their core business operations. One way to alleviate this concern is to introduce them to C-PACE financing.
Commercial property assessed clean energy (C-PACE) is an innovative, new financing program designed to help make energy-efficiency upgrades affordable (even cash-flow positive) for commercial property owners.
Although guidelines vary from state to state, all C-PACE programs enable owners of commercial and industrial properties to finance up to 100 percent of an energy-efficiency project with low-cost, long-term financing. The finance terms correspond to the useful service lives of the improvements installed and can extend up to 25 years.
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