Eligible Projects for C-PACE Financing:
C-PACE (Commercial Property Assessed Clean Energy) financing supports a wide range of projects aimed at enhancing the energy and water performance of commercial properties. Eligible projects typically include:
- Energy Efficiency Improvements:
- HVAC Upgrades: New control systems, high-efficiency chillers, boilers, furnaces, and heat pumps.
- Insulation: Wall, ceiling, or floor insulation improvements.
- Lighting Upgrades: Energy-efficient lighting systems.
- Renewable Energy:
- Solar Panels
- Wind Turbines
- Geothermal Systems
- Water Conservation:
- Installation of New Faucets and Toilets
- Water Filtration Systems
- Projects that demonstrate at least 25% water savings
- Building Envelope Improvements:
- Green Roofs
- Cool Roof Coatings
- Exterior Window and Door Shading Solutions
- Resiliency Upgrades (in some states):
- Seismic Retrofits
- Hurricane and Wind-Resistant Enhancements
- Other Eligible Measures:
- Building Automation Systems
- Process Equipment Upgrades
- Roof Replacements when combined with energy upgrades (like solar installations).
C-PACE financing can cover 100% of both hard and soft costs for eligible projects. Soft costs may include energy audits, design and engineering fees, permit costs, and legal fees. Each state may have additional or different eligible measures depending on local C-PACE program guidelines.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-types-of-projects-are-eligible-for-c-pace-financing/
