Commercial Property Assessed Clean Energy

What is C-PACE?

PROGRAM BASICS

Commercial Property Assessed Clean Energy (C-PACE) is an innovative financing program for energy efficiency and renewable energy projects in commercial and industrial properties. C-PACE is sponsored by the Bank and administered by Sustainable Real Estate Solutions.

Are there eligibility requirements?

ELIGIBILITY OVERVIEW

Project types that are eligible for 100% C-PACE financing include:

  • Energy efficiency
  • Renewable energy
  • Water conservation
  • Alternative fuel infrastructure (i.e., electric car charging stations)
  • Environmental health and safety projects (i.e., asbestos or lead abatement)

Commercial and industrial properties that are eligible for C-PACE financing include:

  • Office buildings
  • Manufacturing facilities
  • Agricultural
  • Non-profit
  • Multifamily (5+ units)
    How can I learn more?

    MORE INFORMATION

    More information about C-PACE is available on the program website.

    Program Guidelines
    Policies and Procedures
    Fact Sheet

    For more information about C-PACE, please contact:  

    Michael Baer
    Senior Advisor to the Executive Director
    Rhode Island Infrastructure Bank
    View Contact Information 

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