Nonprofits cover many categories: social services, healthcare facilities, social and recreational clubs, theaters, museums, and more. That means they face a wide array of energy challenges, and C-PACE is a great solution for solving them.
C-PACE helps nonprofits overcome a lack of upfront capital to make energy improvements – resulting in more modern and comfortable buildings for employees and the communities they serve.
Nonprofits can take control of their energy costs and increase their bottom line with C-PACE. Lower, more predictable energy costs mean they can focus their resources on their core mission.
An organization’s tax-exempt status does not mean it can’t access C-PACE. Nonprofits don’t typically receive a property tax bill, but their municipality can assign a tax identification number in order to collect a C-PACE benefit assessment (similar to collecting a sewer assessment). This means a nonprofit group can access all the benefits of green energy improvements under the same rules as other applicants.