C-PACE (Commercial Property Assessed Clean Energy) financing provides opportunities for owners of commercial properties to obtain funding for various renewable energy and energy efficiency projects. The projects more likely to qualify for C-PACE financing include:
- Solar Panels and Solar Thermal Systems: These are common renewable energy projects that are eligible for C-PACE financing, as they directly contribute to energy production and can be permanently affixed to a property.
- Wind Turbines: While less common due to location requirements, wind turbines are also eligible for C-PACE financing where feasible.
- Geothermal Heating and Cooling Systems: These systems utilize the earth’s temperature to provide heating and cooling and are eligible for C-PACE.
- Energy Storage Systems: Such systems complement renewable energy installations by storing excess energy generated during the day for use at night or during periods of low energy production.
- Ground and Air Source Heat Pumps: These are high-efficiency systems for heating and cooling buildings, which are often financed through C-PACE.
C-PACE eligibility can vary by state and program, so it’s essential to check local eligibility criteria before applying. Eligible projects must be permanently affixed to the property and contribute to energy savings or production. Additionally, while C-PACE primarily focuses on energy, it can also cover certain water conservation projects if they are integrated with energy-saving measures.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-specific-renewable-energy-projects-that-are-more-likely-to-qualify-for-c-pace-financing/
