Yes, C-PACE financing can potentially be used for retrofits of existing irrigation systems if such upgrades improve water conservation or are directly related to eligible energy-saving measures. C-PACE financing is designed to cover costs associated with energy efficiency upgrades, renewable energy installations, water conservation measures, and resilience projects that are permanently affixed to the property. However, the specifics of what is eligible can vary by state or program.
For an irrigation system retrofit to qualify, it would typically need to be part of a broader project that enhances energy or water efficiency, such as installing more efficient irrigation controls or components that reduce water usage alongside energy-efficient measures. If the irrigation upgrade is not directly energy-saving but is necessary for an energy-saving measure, it may also be eligible if it adds value to the property and supports the overall energy efficiency or water conservation objectives of the project. It’s important to confirm eligibility with the local C-PACE program administrators.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/can-c-pace-financing-be-used-for-retrofits-of-existing-irrigation-systems/
