Yes, C-PACE financing can cover both energy efficiency and renewable energy projects. This financing model is designed to support a wide range of capital improvements that enhance the energy and water performance of commercial properties.
Energy Efficiency Projects
- HVAC upgrades: Including high-efficiency chillers, boilers, furnaces, and heat pumps.
- Building envelope improvements: Such as insulation, glazing, and windows.
- Lighting upgrades: High-efficiency lighting systems.
- Automated building controls: Building management systems (BMS) and energy management systems (EMS).
- Waste heat recovery technologies.
Renewable Energy Projects
- Solar photovoltaic systems: Including roof-mounted solar panels.
- Geothermal systems: For heating and cooling.
- Small wind systems: Suitable for on-site energy production.
- Solar thermal systems: For heating water or providing space heating.
How C-PACE Works
- Project Eligibility: Projects must be permanently affixed to the property and have a useful life of at least 10 years.
- Financing: Offers up to 100% financing of the project costs, including both hard and soft costs, which are repaid through property tax assessments over a long-term period, typically up to 30 years.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/can-c-pace-financing-cover-both-energy-efficiency-and-renewable-energy-projects/
