C-PACE (Commercial Property Assessed Clean Energy) financing offers long-term repayment terms, which can vary depending on the state and specific program details. Here are some common term ranges:
- Typical Terms: Most C-PACE loans have terms ranging from 10 to 20 years.
- Extended Terms: Some states allow longer terms, up to 30 years or even 35 years in certain cases, depending on state-specific regulations and the useful life of the installed equipment.
The repayment terms are generally aligned with the useful life of the improvements made to the property, ensuring that the costs are spread over an extended period to keep monthly payments manageable.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/how-long-are-the-repayment-terms-for-c-pace-financing/
