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.
Municipal officials administer and promote C-PACE to help businesses in their municipality stay competitive. Elected officials, economic developers and clean energy task forces drive their community’s participation in the program while tax collectors enable C-PACE to be repaid through a voluntary benefit assessment. Municipalities must pass a resolution and “opt in” to C-PACE to join the program and for their building owners to enjoy the benefits of green energy financing.