Can C-PACE/C-PACER Financing Help Your Projects Succeed?

Commercial Property Accessed Clean Energy (C-PACE) financing is a state-approved vehicle that allows building owners and developers to access capital through long-term financing of certain qualified up-front costs to rehabilitate existing buildings, develop new buildings and make renewable energy accessible and cost effective. In recent years, "R" has been added to C-PACE to support resiliency expenses such as flood abatement, compliance with earthquake building requirements, and wind resistance expenses so that the reference to the process is often called "C-PACER."

C-PACER funds are a hybrid contribution of capital to a project that is structured as a voluntary payment obligation in the form of an assessment to the property paid with annual property tax invoices. As interest rates have risen and commercial credit has tightened, traditional deals have become harder to finance and close. Additionally, standard commercial financing vehicles that require 40 to 60%