New Construction: Build Better with C-PACE
Assembling the capital needed to develop commercial and industrial properties is increasingly challenging and expensive. C-PACE New Construction can help. This innovative tool, now available in Connecticut, provides accessible and affordable financing for developers and owners. It leverages the proven success of C-PACE (Commercial Property Assessed Clean Energy), a financing solution where improvements are repaid through an assessment placed on the property, to help build higher performing, and more cost-effective and competitive buildings.
C-PACE New Construction allows developers to:
- Complete their capital stack and lower their weighted average cost of capital with access to affordable, long-term financing that may take the place of more expensive debt and equity. Up to 20 percent of eligible costs can be financed through C-PACE New Construction for terms up to 25 years.
- Develop buildings that are higher performing, more cost-effective, comfortable, and competitive. With C-PACE New Construction, developers can afford more efficient and higher quality materials and measures, boosting a project’s long-term sustainability and creating a more attractive investment.
- Invest with confidence. The Green Bank’s Technical Administrator will conduct an independent review of the energy modeling and projected energy performance.
Are you a property owner aiming to make energy improvements using C-PACE in an existing building? Visit the Building Owner section of the C-PACE website. Or are you a contractor developing energy saving projects in existing buildings? Visit the Contractor section of the C-PACE website.
Learn more about how C-PACE New Construction can help you complete your capital stack and build better buildings.