Energy storage measures can be eligible for C-PACE (Commercial Property Assessed Clean Energy) financing, but the specific eligibility varies by location and program. C-PACE programs generally support projects that enhance energy efficiency and renewable energy, including energy storage solutions. Here are some insights into energy storage measures that may be eligible for C-PACE financing:
Eligible Measures
- Battery Storage Systems: C-PACE programs often support battery storage, especially when paired with solar photovoltaic (PV) systems. This combination is recognized in many C-PACE eligible lists as it contributes to energy efficiency and renewable energy integration.
- Integrated Renewable Energy Systems: Measures that integrate with renewable energy systems, such as solar thermal or biomass technologies, are generally eligible. This includes energy storage systems that support these technologies.
Key Factors for Eligibility
- Permanently Affixed: Equipment must be permanently attached to the property to qualify for C-PACE financing.
- Benefit to Property: The measure must provide a benefit to the property, typically by enhancing energy or water efficiency.
- Case-by-Case Review: If a proposed measure is not explicitly listed as eligible, it may still be approved on a case-by-case basis, often contingent on a favorable Savings-to-Investment Ratio (SIR).
Overall, while specific energy storage measures like battery systems are commonly eligible, it’s crucial to consult local C-PACE program guidelines to ensure compliance with regional requirements.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-specific-energy-storage-measures-that-are-more-eligible-for-c-pace-financing/
