Commercial Property Assessed Clean Energy (C-PACE) financing is available for a variety of property types, primarily in the commercial sector. Eligible properties include:
- Commercial Properties: Office buildings, retail stores, and hospitality venues.
- Industrial Properties: Manufacturing facilities and warehouses.
- Agricultural Properties: Farms and vineyards.
- Multifamily Residential Properties: Complexes with five or more units.
- Non-Profit Properties: Organizations and community centers.
- Self-Storage Facilities: Eligible as part of commercial properties.
These property types can leverage C-PACE to fund projects focused on energy efficiency, renewable energy, water conservation, and environmental health and safety improvements. C-PACE financing is not available for single-family residential properties.
To qualify, properties must be located in jurisdictions that have adopted C-PACE programs, and they must meet specific financial and ownership criteria. Mortgage lenders must also consent to the C-PACE assessment, which takes precedence over other liens in cases of foreclosure.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-types-of-properties-are-eligible-for-c-pace-financing/
