Exploring Eligible Clean Energy Upgrades for C-PACE Financing

May 07, 2024

C-PACE financing, or Commercial Property Assessed Clean Energy financing, is a powerful tool that enables commercial property owners to finance energy efficiency, renewable energy, and water conservation upgrades with no upfront costs. This innovative financing mechanism allows businesses to make eligible clean energy upgrades while spreading the cost over time through a special assessment on their property.

Eligible Clean Energy Upgrades

1. Energy Efficiency Improvements

One of the most common types of upgrades eligible for C-PACE financing is energy efficiency improvements. This can include upgrading to energy-efficient lighting, HVAC systems, insulation, windows, and more. These upgrades not only reduce energy consumption but also lower utility bills and improve overall comfort within the building.

2. Renewable Energy Systems

Installing renewable energy systems such as solar panels or wind turbines is another popular option for C-PACE financing. By generating clean energy on-site, businesses can reduce their reliance on the grid and lower their carbon footprint. These systems can also provide long-term cost savings as they produce energy for years to come.

solar panels

3. Water Conservation Upgrades

Water conservation upgrades are also eligible for C-PACE financing. This can include installing low-flow fixtures, efficient irrigation systems, rainwater harvesting systems, and more. By reducing water consumption, businesses can lower their water bills and contribute to sustainable water management.

Benefits of C-PACE Financing

1. No Upfront Costs

One of the key benefits of C-PACE financing is that it requires no upfront costs. Businesses can make valuable clean energy upgrades without having to deplete their capital reserves. This makes it easier for companies to invest in sustainability and reap the benefits over time.

2. Long-Term Savings

By making eligible upgrades through C-PACE financing, businesses can realize long-term savings on their energy and water bills. Energy-efficient upgrades can lead to significant reductions in operating costs, while renewable energy systems can generate electricity savings for years to come.

energy efficiency

3. Increased Property Value

Investing in clean energy upgrades can also increase the value of commercial properties. Buildings with energy-efficient features and renewable energy systems are more attractive to tenants and buyers, leading to higher property values and improved marketability.


C-PACE financing offers a unique opportunity for commercial property owners to make eligible clean energy upgrades that benefit both their bottom line and the environment. By taking advantage of this innovative financing option, businesses can improve their operational efficiency, reduce their environmental impact, and enhance the value of their properties. Explore the possibilities of C-PACE financing today and start your journey towards a more sustainable future.