C-PACE (Commercial Property Assessed Clean Energy) financing commonly funds a variety of energy storage and efficiency projects, including:
- Battery Energy Storage Systems (BESS): These are increasingly popular for storing excess energy generated by renewable sources, allowing buildings to use stored energy during peak demand times or when renewable energy sources are not producing electricity.
- Solar and Storage Projects: C-PACE financing often supports solar installations and associated storage systems, helping to integrate renewable energy sources into building operations.
- Energy Efficiency Upgrades: While not specifically storage, these upgrades—such as improved insulation, HVAC systems, and lighting—are commonly funded and can reduce the need for energy storage by lowering overall energy consumption.
- Electric Vehicle Charging Stations: Although primarily a charging infrastructure rather than storage, EV charging can benefit from C-PACE financing as it supports cleaner energy transportation options.
C-PACE provides long-term financing options with favorable terms for projects that enhance energy or water efficiency, making it an attractive choice for commercial property owners looking to undertake energy-related upgrades.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-types-of-energy-storage-projects-are-most-commonly-funded-through-c-pace/
