July 1, 2020

C-PACE Finance

Enhanced Capital provides financing for C-PACE, an innovative program providing property owners with low-cost, long-term, fixed-rate financing mechanisms for energy efficiency and renewable energy improvements.

Enhanced Capital’s legislative and lobbying background supports our active mission of introducing C-PACE to new markets. Enhanced Capital is eager to help and team up with anyone who is looking to bring C-PACE to their local state or municipality.

C-PACE finances:

  • HVAC upgrades
  • Windows/Building envelope
  • Water efficiency projects
  • Building automation
  • Elevators

Commercial Property Assessed Clean Energy (C-PACE) finance encourages property owners to implement energy efficiency improvements through a long-term financing agreement, with no high up-front costs. C-PACE can cover 100 percent of the eligible project costs through a voluntary assessment, secured to the property, and paid as an addition to the owner’s property tax bill. Since the assessment is secured to the property, and recourse to the owner, repayment responsibility is transferred with property ownership. C-PACE is also available for new construction, typically up to 25% LTV.

Retroactive PACE opportunity: C-PACE can, in many cases, re-finance projects that are completed or under construction, which in the current environment means new capital coming in to cover ongoing expenses and debt service. Payments are typically capitalized for the first several years, which gives time for a recovery in property financials.

Read more about Enhanced’s C-PACE program.

C-PACE Contact

Potential Transactions:

Ian McCulley


Disclaimer: This is intended for potential project transactions only and is neither an offer to sell nor a solicitation of any offer to buy any securities, investment product or investment advisory services. This is not an offering or the solicitation of an offer to purchase an interest in a fund.  The information provided herein is used for illustrative and discussion purposes only. Final transaction terms for each project in which Enhanced Capital may invest will vary.

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