Property Assessed Clean Energy (PACE) is a legislated public/private partnership which creates a new financing option for your capital stack. Your construction budget can use our private capital funding for costs which impact energy & water spend, renewable improvements or seismic strengthening (select states). The repayment of our capital is made through a long-term special tax assessment on the property.
C-PACE designates the Commercial version of PACE. PACE Equity exclusively funds commercial real estate projects.
Yes! PACE Equity now offers a low carbon option called CIRRUS™ Low Carbon financing which combines C-PACE financing with a low carbon verification by a third party. The program provides financial benefits, including a reduced rate, for pursuing enhanced energy efficiency. We add in a building plaque and marketing toolkit so your low carbon building gets the promotion it deserves. We’ll build a business case to show you how the financial benefits compare to any incremental design costs.
It is not a requirement to change your building design when you work with PACE Equity. Projects can qualify with the design you already have planned.
Keep in mind that this is not an exhaustive list; every state has unique options for eligibility. Some states have special “Savings to Investment Ratio” requirements. In all cases, states and municipalities want to encourage sustainable building practices. C-PACE financing provides a win for developers/owners AND for communities.
You don’t need to know all the C-PACE funding requirements – because we do! We’ve been working on C-PACE projects for the past decade. We have funded “firsts” across the country and across asset classes. As the C-PACE financing leader for development projects, PACE Equity has unmatched experience and unparalleled expertise to optimize your funding amount and move you seamlessly and simply through the financing process.
We’ve created a unique process that maximizes your funding and amortization term. We’ve learned from the hundreds of projects we’ve done across our own engineering and leadership teams. Our Fast Track™ Funding process delivers a seamless end-to-end experience you can only find at PACE Equity:
In short, we manage the details. You focus on your project.
You’ll find that we use the terms “PACE” and “C-PACE” interchangeably. PACE stands for Property Assessed Clean Energy and denotes a legislation that states and municipalities use to encourage sustainable building practices. C-PACE designates the Commercial version of PACE. PACE Equity exclusively funds commercial real estate projects.
PACE Equity is available in states and cities across the U.S. and continues to grow. We believe in working locally and building long-term relationships. As C-PACE legislation expands, so do we.
Yes! In certain states, retroactive refinancing is available for projects completed within the last 2 years. This is an excellent way to:
You can take advantage of prior improvements which impact utility spend (HVAC, lighting, windows, etc.), renewable energy measures, and/or seismic retrofits (in certain states). Our engineers analyze your building improvements and then calculate the maximum amortization starting from when the improvements were installed. Your funding amount is based on this retroactive energy savings.
Read our Insights article on Retroactive Refinancing: How PACE Equity can help fund your recently completed renovation or development project.