C-PACE provides a legislated pathway for commercial owners and developers to finance qualifying building improvements that reduce operating costs and enhance performance. With long terms and fixed repayment through the tax bill, it increases capital stack flexibility and improves overall project feasibility. In Wisconsin, there are two PACE programs: Milwaukee PACE and PACE Wisconsin.
$15.3 million C-PACE recapitalization of owner equity prior to stabilization of senior living development. Milwaukee, Wisconsin.
In Wisconsin, Milwaukee PACE and PACE Wisconsin programs are administered by Slipstream Inc for participating counties across the state. Both programs require that PACE Equity Finance projects beat the WI State Energy Code by 10% or prescriptive measures listed on the utility Focus on Energy program. The Wisconsin C-PACE programs enable commercial and industrial property owners to obtain financing for energy-efficiency, renewable energy, resiliency, stormwater control measures, energy reliability improvements and water conservation improvements, as well as EV Infrastructure Improvement and brownfield revitalization projects. Eligible projects include the redevelopment of existing buildings, as well as new construction, or retroactive projects.
