C-PACE, or Commercial Property Assessed Clean Energy, is a financing tool that supports a wide range of projects focused on energy efficiency, water conservation, renewable energy, and building resilience. Here are some of the most common types of projects funded through C-PACE:
- Energy Efficiency Improvements:
- Lighting and Electrical Systems: Upgrading to LED lighting and improving electrical systems can significantly reduce energy consumption.
- HVAC Systems and Controls: Modernizing heating, ventilation, and air conditioning systems to enhance efficiency and reduce energy costs.
- Insulation and Building Envelope: Improving the building envelope, including roofing, to reduce heat loss and gain.
- Renewable Energy Systems:
- Solar Panels: Installing solar panels to generate clean energy and reduce reliance on traditional energy sources.
- Wind Turbines and Geothermal Systems: Implementing wind and geothermal energy systems for more sustainable energy options.
- Building Resilience and Water Conservation:
- Structural Retrofits: Enhancing building resilience through seismic or hurricane-resistant features to withstand natural disasters.
- Water-Saving Measures: Implementing water-efficient equipment and systems to conserve water resources.
- New Construction and Refinancing:
- New Buildings: Funding for new construction projects that incorporate energy-efficient and sustainable designs.
- Refinancing Existing Improvements: Refinancing costs associated with previously completed energy efficiency improvements to generate retroactive savings.
C-PACE financing provides an attractive way to finance these projects with low-cost, long-term funding options that can cover up to 40% of project costs without requiring equity investments.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-types-of-projects-are-most-commonly-funded-through-c-pace/
