What is C-PACE?
C-PACE (Commercial Property Assessed Clean Energy) is an innovative financing solution that makes green energy upgrades accessible and affordable for building owners across Connecticut. C-PACE, administered by Connecticut Green Bank, offers 100% financing for a wide range of energy improvements, so building owners can modernize their buildings, lower their energy costs, and increase their bottom line.
Appraisers play a key role in C-PACE green energy financing. The Connecticut Green Bank and other C-PACE capital providers rely on appraisers to determine whether a property meets underwriting criteria, based on the property’s existing leverage and debt. Appraisers with specialized skills in assessing how a building will be valued once green energy upgrades have been completed are needed for C-PACE projects to move forward.