The Commercial Property Assessed Clean Energy (C-PACE) Program is a financing structure that provides eligible property owners with access to long-term fixed-rate financing for a range of energy efficiency, renewable energy, water efficiency, and resiliency improvements. The program allows local governments to secure the financing via a special improvement assessment on the improved property. Eligible improvements include those that decrease energy consumption and support the production of clean, renewable energy, including thermal energy. Eligible properties include commercial and industrial properties, and must be located in a participating county or municipality.
