Commercial Property Assessed Clean Energy (C-PACE) allows property owners to access private capital for energy-saving and sustainability-related upgrades. Its structure supports longer amortization, lower cost of capital, and improved cash flow for both new development and renovation. The New Mexico C-PACE program is administered state-wide by Adelante Consulting, Inc. in partnership with counties and municipalities.
$10.2 million C-PACE refinancing of sustainable hospitality project covering 32% of project costs. Lamy, New Mexico.
Allowing for new construction, renovation, and refinancing, the New Mexico C-PACE Program advocates for off balance sheet financing from private capital sources such as PACE Equity Finance to provide low-cost, long-term financing for properties that are privately-owned commercial, industrial, or multifamily (with five or more dwelling units) located within the boundaries of the region (including properties owned by a nonprofit organization).
