C-PACE for Property Owners

Commercial Property Assessed Clean Energy helps property owners fund energy-efficient, water conservation and renewable energy projects. Eligible upgrades are repaid through a voluntary assessment that is attached to the property, not the owner.
C-PACE financing can be applied pre, mid or post-construction.

C-PACE funds private projects using private dollars. Visit our
C-PACE Capital Providers page for a list of approved sources.

Download c-PACE 101

Benefits for Property Owners

100% financing on hard and soft costs

No upfront capital required

Long-term financing, typically over a 20-30 year period

Non-accelerating

No operational or financial covenants

Transferrable upon sale

Increased net operating income and property value

Lower overall blended cost of capital

Incorporating C-PACE financing in a project tends to lower the weighted average cost of capital, extend average maturity dates, and improve cash flow and debt-service coverage ratios.

Which Project Types Are Eligible For C-PACE?

C-PACE financing can be applied to projects in various phases of the development lifecycle. Renewable energy improvements are also eligible.

Check Eligibility

New Construction

Renovations/Retrofits

Recapitalization

Renewable Energy Projects

Property Owners FAQ

How is a C-PACE assessment secured?

C-PACE is secured through a voluntary assessment on the property over a term that can be structured as long as the useful life of improvements. Assessment terms tend to fall between 20 to 30 years.

What types of projects are eligible?

Nearly all commercial properties are eligible for C-PACE financing. A list of property types, qualified improvements and project types can be found on our Eligibility page.

Why should I use C-PACE financing over other types of loans?

C-PACE financing has many advantages that set it apart from other types of loans. It is secured in the form of an assessment, with competitive interest rates and longer repayment terms than a traditional loan. It is attached to the property, not the owner, and may automatically transfer in the event of a sale if not paid off in full.

Can I sell my property if I have an outstanding C-PACE assessment?

Yes! The C-PACE assessment attaches to the property, not the owner, meaning it is immediately transferrable in the event of a sale, similar to an assumable loan. The assessment can also be repaid in full at the time of sale.

Can I combine C-PACE with other utility incentives, rebates or grants?

Yes! C-PACE financing pairs well with other incentives, rebates or grants.

Can C-PACE be assessed retroactively on completed projects?

Yes, C-PACE can be used to recapitalize energy and water-efficient improvements installed within the last 24 months.

What if I currently have a mortgage? Does my mortgage lender need to give consent?

Yes, senior lender consent is required for all C-PACE projects. For more information, visit our C-PACE for Senior Lenders page.

Can I use any contractor?

C-PACE programs in Texas generally allow property owners to choose their own contractor.

Can I pay off my C-PACE assessment early?

C-PACE financing typically has a five-year step-down prepayment penalty; however, this may be negotiated with the C-PACE capital provider before term sheet acceptance.

Ready to see how
C-PACE financing can work for your project?

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C-PACE for Property Owners

Which Project Types Are Eligible For C-PACE?

Property Owners FAQ

Ready to see how C-PACE financing can work for your project?

Ready to see how
C-PACE financing can work for your project?