Commercial Property Assessed Clean Energy and Resiliency (C-PACER) is a financing solution that allows owners and developers of commercial properties to seek long-term financing from private lenders for clean energy and resiliency improvements. Participating property owners repay the financing through voluntary special assessments placed on their properties, which are billed and collected as part of their annual property tax bills.
$10.8 million in C-PACE financing to recapitalize a senior living center two years post-construction and pay down the construction loan. Brentwood, Tennessee.
The Tennessee C-PACE program, known locally as TN CPACER, is administered by TENNESSEE PACE. TN C-PACER includes resiliency measures among its PACE-eligible improvements. Resiliency measures include water resilience, flood mitigation, storm retrofits, and wind resistance measures among others.
