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.
Because a C-PACE assessment is a priority lien with a senior position ahead of a mortgage, mortgage holders must provide consent before a building owner can proceed with financing a project.
The Connecticut Green Bank works with mortgage holders to explain the process and benefits of C-PACE and to secure consent for building owners. Mortgage holders benefit from stronger assets on their balance sheets, have borrowers with improved cashflow, and play a role in supporting the local green energy economy and a healthier community