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Commercial Property Assessed Clean Energy (C-PACE) financing is available in states and local municipalities after legislation is passed and voluntarily adopted on the community level. By enabling this innovative funding mechanism, governments unlock a strategic, flexible tool for commercial building developers and owners to complete their development budgets, recapitalize existing assets, and invest in energy…

Building Performance Standards (BPS) are being implemented in cities, counties, and states across the country. These standards are very familiar to developers in early-adopter cities like New York, but in other places, developers may just be starting to hear rumblings about them. Rest assured, even if you haven’t heard much about them, you will.  A…

There are three compliance paths for CIRRUS Low Carbon verification: the Prescriptive Path, the Performance Path, and the Green Building Certification Path.   The Prescriptive Path is, stated simply, a checklist. It is the most commonly used compliance path for CIRRUS Low Carbon. Under the Prescriptive Path, a project’s design must meet a set of…

Ready to have your cake and eat it too? PACE Equity offers the CIRRUS Low Carbon program that includes a practical design specification along with a significantly lower interest rate. This results in improved NOI and project returns – plus a long-term boost to property value.  How does Design Guidance work?  We offer (at no…

Blog post by Tricia Baker, Senior Vice President of Impact & Strategy, PACE Equity Developers hold the key to a lower carbon future. I recently worked for a few days in a living building – a building that results in net zero consumption – it doesn’t emit carbon and doesn’t use city water or sewer…

Banks have pulled back on their lending, leaving many developers facing a financing void. Sound familiar?   This financing gap reflects today’s reality of tighter lending and higher interest rates. The option of using Commercial Property Assessed Clean Energy (C-PACE) to solve this financing challenge is gaining popularity.   Historically, developers have seen PACE Equity as…

Alaska, New Jersey, New York City, New Mexico, Hawaii, Michigan – what do they have in common? Newly updated C-PACE legislation. They have either newly passed legislation allowing for C-PACE financing or have expanded existing programs. And they’re not alone. To date, 38 states plus Washington, D.C. have passed PACE legislation. Among them, 33 have…

THE SITUATION   State and local building codes are moving toward higher and higher efficiency requirements, fueled by the goal of reducing U.S. carbon emissions.  A key remaining challenge to advancing more quickly is the often higher construction costs associated with more efficient equipment and materials. Smart developers know that energy-efficient systems and green building designs…

Ground Source Heat Pump systems are the leading technology chosen by building owners and entities seeking to achieve LEED®, Green Globes, Living Building and Net-Zero Energy Certifications.