States with active C-PACE programs have been expanding, with over 30 states plus the District of Columbia having operational programs as of 2022. Some of the most notable states for their active C-PACE engagement include:
- California: Known for its active and well-established C-PACE program, offering financing for energy-efficient projects.
- Florida: Offers active C-PACE programs, supporting energy-efficient upgrades in commercial buildings.
- Connecticut: The Connecticut Green Bank administers a prominent C-PACE program, providing 100% financing for non-residential building improvements.
- Minnesota: The Minnesota PACE program is active and widely used for commercial and multifamily properties.
- Illinois: Has seen significant activity with multiple participating counties and providers.
- Pennsylvania: Features active programs across various counties, supporting resiliency and air quality improvements.
These states are among those with notable C-PACE activities, providing extensive funding and support for clean energy projects. However, the level of activity can vary based on the number of projects and amount of investment.
Active C-PACE States by Provider
Some providers, like Nuveen Green Capital, offer C-PACE financing in 40 states plus the District of Columbia, indicating broad coverage across the U.S. PACE Loan Group also lists several active states, including Washington, Oregon, Ohio, and Texas. The specific number of active programs and their effectiveness can depend on local legislation and market demand.
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