C-PACE (Commercial Property Assessed Clean Energy) financing is eligible for a wide range of energy efficiency and renewable energy projects. The types of projects that can be funded include:
- Energy Efficiency Upgrades:
- HVAC upgrades and new control systems
- High-efficiency chillers, boilers, furnaces, and heat pumps
- Building envelope improvements (such as windows and insulation)
- LED lighting and facility controls
- Building automation systems
- Renewable Energy:
- Solar installations
- Wind energy systems
- Water Conservation:
- Installation of new faucets and toilets
- Process equipment upgrades that demonstrate significant water savings (typically 25% or more)
- Water-efficient fittings and appliances
- Resiliency and Other Projects:
- In some areas, C-PACE can also finance projects related to grid resiliency, electric vehicle charging infrastructure, stormwater management if it conserves water, environmental remediation, and indoor air quality improvements.
C-PACE financing covers both hard costs (e.g., equipment and materials) and soft costs (e.g., design fees, permits, and legal fees) necessary for project implementation. All improvements must be permanently affixed to the property to qualify for financing.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-types-of-energy-efficiency-projects-are-eligible-for-c-pace/
