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C-PACE allows commercial property owners to get low-cost, long-term financing for energy efficiency, water conservation and renewable energy projects that is then repaid as an assessment on the property tax bill for current and future owners. Currently, 37 states and Washington, D.C., have enacted authorizing legislation; the program is active in 20 states and Washington.
C-PACE financing is less expensive than mezzanine debt and addresses the requirements by local governments that are raising the bar for commercial properties in terms of energy efficiency with more stringent building codes and performance standards.
The bottom line if you are looking for higher leverage, cheaper cost of capital, and a healthy building, feel free to reach out and connect with me.