C-PACE (Commercial Property Assessed Clean Energy) financing supports a wide range of sustainability measures, including:
- Energy Efficiency Measures:
- HVAC Upgrades: Improvements to heating, ventilation, and air conditioning systems.
- LED Lighting: Installing energy-efficient lighting to reduce energy consumption.
- Insulation and Building Envelope Improvements: Enhancing building insulation, windows, and doors for better energy retention.
- Facility Controls: Upgrades to control systems for better energy management.
- Renewable Energy Projects:
- Solar Photovoltaic Power: Installing solar panels for electricity generation.
- Wind Power: Utilizing wind turbines for electricity generation.
- Solar Thermal Systems: Using solar energy for heating.
- Geothermal Heating and Cooling: Leveraging geothermal energy for heating and cooling needs.
- Water Conservation Measures:
- Low-Flow Water Fixtures: Installing fixtures that reduce water usage.
- Any process or equipment that demonstrates water savings of 25% or more.
- Resiliency and Indoor Air Quality Improvements:
- Measures that enhance building resilience to natural disasters or improve indoor air quality.
- Clean Building Materials:
- Some programs are beginning to incorporate financing for low-embodied-carbon materials and efficient design practices, which reduce greenhouse gas emissions related to material production.
These measures are typically financed through a special assessment on the property tax bill, with terms that match the useful life of the improvements, usually 20 to 30 years.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-types-of-sustainability-measures-can-be-financed-through-c-pace/
