Yes, C-PACE financing can be used for retroactive projects. Many PACE programs allow for the retroactive financing of costs incurred up to two and a half to three years ago, depending on the state’s specific regulations and lookback period. This means that projects that have already been completed or are under construction can be refinanced using C-PACE financing, providing a way to access funds for energy-efficient upgrades, renewable energy installations, and other qualifying improvements.
C-PACE financing offers several benefits for retroactive projects, such as:
- Lower Cost Capital: It provides non-recourse, lower-cost capital compared to mezzanine or equity financing.
- Long-Term Amortization: Allows for long-term amortization of up to 20-30 years, which can reduce annual payments and make projects cash-flow positive.
- Flexibility: Can be part of a larger capital stack, combining with other financing tools to maximize project benefits.
Overall, retroactive C-PACE financing is a valuable tool for property owners looking to leverage previous investments in energy-saving measures to reduce debt or access additional liquidity.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/can-c-pace-financing-be-used-for-retroactive-projects/
