Typical soft costs associated with C-PACE (Commercial Property Assessed Clean Energy) water conservation projects can include a variety of professional and administrative expenses. Here are some common soft costs covered by C-PACE financing:
- Energy and Water Audits: These assessments are crucial for identifying areas where water conservation measures can be most effective.
- Feasibility Studies: Conducted to assess the feasibility of proposed conservation measures and ensure they can be effectively implemented.
- Professional Services Fees: Charges from consultants, engineers, and legal advisors involved in project planning and implementation.
- Prepaid Service Contracts: Costs associated with service agreements for operations, maintenance, and warranties.
- Performance Guarantees: Costs linked to ensuring the effectiveness of the installed measures.
- Certification and Compliance Costs: Expenditures related to regulatory compliance and certifications for building performance.
- Measurement and Verification Costs: Expenses related to assessing the actual impact of installed measures.
- Commissioning and Retro-Commissioning: Costs involved in ensuring systems are properly set up and performing optimally.
- Regulatory Costs: Fees associated with obtaining necessary permits and approvals.
- Escrow and Reserves: Funds set aside for property taxes, insurance, and interest.
These soft costs can be covered up to 100% by C-PACE financing, depending on the specifics of the project and local regulations.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-are-the-typical-soft-costs-associated-with-c-pace-water-conservation-projects/
