Commercial Property Assessed Clean Energy (C-PACE) makes it easier for developers to incorporate high-performance building measures by offering efficient, fixed-rate financing repaid as a tax assessment. The result is better cash flow, improved project viability, and a more efficient building. The NY Accelerator in NYC, the Energize NY program across NY, and some select individual C-PACE programs such as in Schenectady are administered across the state.
Explore PACE Equity Finance’s tailored C-PACE capital solutions across hundreds of projects.
NYC Accelerator and Energize NY use C-PACE (Commercial Property Assessed Clean Energy) financing to help commercial and multifamily building owners fund energy efficiency and renewable energy projects. C-PACE offers long-term, fixed-rate financing, covering up to 100% of project retrofit costs with no cash up-front from the owner. NYC Accelerator PACE Financing is a program offered by the New York City’s Mayor’s Office of Climate & Environmental Justice, in partnership with the New York City Energy Efficiency Corporation (NYCEEC). Energize NY is run by the non-profit Energy Improvement Corporation (EIC).
