C-PACE for Economic Development Corporations

C-PACE financing promotes economic growth by providing access to low-cost, long-term financing for energy and water-efficient upgrades that raise commercial property values, stimulate the tax base and create jobs. Lone Star PACE helps economic development corporations leverage the program to its fullest extent.

Benefits for EDCs

Increased property values that strengthen the tax roll

Encourages the modernization of aging infrastructure and resiliency upgrades

Attracts private investment

Generates work for the local contractor community

Mitigates cost of energy and water resources for growing communities

Completely voluntary agreement for local municipality

Supports sustainability goals

Economic Development Corporation FAQ

How can C-PACE support economic development in my community?

C-PACE is a financing tool that allows commercial property owners to fund energy efficiency, water conservation and renewable energy projects. These improvements can increase property values, attract businesses and create jobs. The financing reduces operating costs and helps achieve sustainability goals, enhancing its appeal to property owners.

What types of projects are eligible for C-PACE?

C-PACE can be used to finance up to 25% of the capital stack for new construction, but it can also be applied midstream or to recapitalize recently completed projects. Upgrades that support energy efficiency (such as improved HVAC) or water conservation (such as low-flow plumbing) qualify for C-PACE. For a complete list of eligible measures and project types, visit our Eligibility page.

What role does the EDC play in the C-PACE program?

Adoption of a C-PACE program happens at the city or county level. Once approved, EDCs may help promote the program as part of its business recruitment and retention strategy.

My municipality does not have a C-PACE program. How can I implement one?

Local governments must adopt a C-PACE program in order for property owners within their jurisdiction to leverage the financing. Lone Star PACE can help EDC leaders bring the program before the voting body of its jurisdiction.

Does C-PACE use public funds?

No! C-PACE assessments are funded through private-sector lenders.

Interested in how C-PACE fits into your economic development strategy?

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