Commercial Property Assessed Clean Energy (C-PACE) is a financing mechanism that supports various renewable energy and energy efficiency projects. Some of the most common renewable energy projects funded by C-PACE include:
- Solar Improvements: These projects often involve installing solar panels to reduce dependence on traditional energy sources.
- Geothermal Improvements: Geothermal systems leverage the earth’s heat to provide heating and cooling, reducing energy consumption.
- Solar Thermal Projects: These projects focus on using solar energy for heating water or spaces.
- Wind Projects: While less common due to space requirements, certain wind projects can also be funded.
- Energy Storage: Systems that store energy generated by renewable sources for later use.
- High-Efficiency Heating Systems: These include advanced wood heating systems and ground or air source heat pumps.
C-PACE financing allows property owners to fund these projects with no upfront costs and repay them over long terms, typically through property tax assessments.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-are-the-most-common-renewable-energy-projects-funded-by-c-pace/
