C-PACE (Commercial Property Assessed Clean Energy) financing primarily supports energy efficiency, water conservation, and renewable energy projects. However, some C-PACE programs are more flexible and can finance non-energy projects such as:
- Seismic retrofits (earthquake proofing)
- Wind resistance
- Flood mitigation improvements.
These projects are typically focused on making buildings more resilient rather than directly saving energy.
Eligibility and Usage:
- Eligible Properties: Most commercial, industrial, non-profit, and multi-family properties can use C-PACE, but it does not apply to single-family residential properties or government-owned buildings (except leasehold properties).
- Project Types: C-PACE is versatile and can cover various upgrades, including new construction and existing renovations.
In summary, while C-PACE is primarily for energy-related projects, some programs allow financing for non-energy resilience improvements.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/can-c-pace-financing-be-used-for-non-energy-projects/
