Commercial Property Assessed Clean Energy (C-PACE) programs fund a variety of projects focused on energy efficiency, renewable energy, and water conservation across different states. The most common types of projects typically include:
Common Project Types Funded by C-PACE
- Energy Efficiency Upgrades:
- HVAC System Improvements: Replacing old heating, ventilation, and air conditioning systems with more efficient models.
- LED Lighting: Installing LED lighting to reduce energy consumption.
- Building Envelope Enhancements: Improving insulation and sealing air leaks in building envelopes.
- Renewable Energy Installations:
- Solar Panel Installations: Installing solar panels to generate electricity on-site.
- Wind or Geothermal Systems: In some cases, projects might include these less common renewable energy sources.
- Water Conservation Measures:
- Water-Efficient Fixtures: Installing low-flow toilets, faucets, and showerheads to reduce water usage.
- Irrigation System Upgrades: Improving agricultural irrigation systems for water efficiency.
- New Construction and Recommissioning:
- Gap Financing: Providing financial assistance for new construction projects that require additional funding.
- Recommissioning: Reassessing existing systems to ensure they operate efficiently.
Examples by State
- New York: The Energize NY C-PACE program has been used for office building upgrades, such as HVAC improvements and LED lighting installations.
- Texas: Projects have included hotel upgrades like solar installations and energy-efficient lighting.
- Minnesota: The MinnPACE program supports energy improvements for commercial buildings and multifamily properties, including solar panels and HVAC upgrades.
- California: Projects have included large-scale solar installations for industrial facilities and water conservation measures for agricultural properties.
C-PACE financing is available in more than 30 states, and while project types can vary, energy efficiency and renewable energy measures are consistently popular across the U.S.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-are-the-most-common-types-of-projects-funded-by-c-pace-in-different-states/
