C-PACE Financing

C-PACE Commercial Property Financing

C-PACE (Commercial Property Assessed Clean Energy) financing provides long-term, fixed-rate capital for energy efficiency, renewable energy, and sustainability improvements to commercial real estate. Repaid as a property tax assessment, C-PACE does not require senior lender consent in most states and can be placed behind existing first mortgages, making it a powerful tool for reducing capital expenditure while meeting sustainability goals. Minimum project size is $500,000.

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Key Features

C-PACE Financing at a Glance

Loan Amount

$500K - $30M+

Term

10 - 30 Years

Rates

6.50% - 8.50% Fixed

Position

Repaid via Property Tax Assessment

Structure

Fixed-Rate, Non-Recourse, Transferable

Recourse

Non-Recourse, Transfers at Property Sale

Overview

Commercial Property Assessed Clean Energy (C-PACE) Financing

C-PACE has become a mainstream component of the CRE capital stack as building owners face pressure from ESG requirements, utility cost reduction goals, and property renovation needs. Because C-PACE is structured as a property tax assessment rather than a loan, it repays through the property tax bill and transfers to the next owner at sale, eliminating personal guarantee requirements. Eligible improvements include HVAC systems, roofing and insulation, LED lighting, solar and battery storage, EV charging infrastructure, seismic retrofits, and water conservation systems. C-PACE providers operate in 38 or more states and the District of Columbia, with programs available for new construction, existing building retrofits, and ground-up development.

Lender Sources

C-PACE Program Administrators
Specialty C-PACE Lenders
CDFI Lenders
Green Bond and ESG Capital Sources
State-Backed C-PACE Programs

Ideal For

Commercial building owners reducing energy costs through HVAC, LED, and insulation upgrades
Solar and battery storage installations on commercial, industrial, and multifamily properties
Net-zero and LEED certification capital improvements on existing buildings
New construction green building improvements qualifying for C-PACE in enabling states
Property owners facing seismic or fire code retrofits seeking low-rate long-term financing
Multifamily owners upgrading common area systems to reduce operating expenses and improve NOI

C-PACE Commercial Property Financing

C-PACE Financing at a Glance

Commercial Property Assessed Clean Energy (C-PACE) Financing

Lender Sources

Ideal For

C-PACE Financing by City

Related Property Types

C-PACE Financing FAQ

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