Property Eligibility

There are a wide variety of property types that are eligible for C-PACE Financing such as: 

  • Office
  • Retail
  • Warehouse
  • Industrial
  • Data centers
  • Multifamily residential (five or more units)
  • Hotels and motels
  • Conference facilities
  • Healthcare and labs
  • Private educational facilities
  • Agricultural facilities
  • Sports and entertainment

In addition, facilities that can receive tax bills such as non-profit educational and religious institutions are typically eligible.

Single-family residential, multifamily residential (four or fewer units), and condominiums are not eligible under the current legislation.


Project Eligibility

To be eligible for C-PACE Financing, all energy conservation measures (ECMs) must be permanently affixed to the property. C-PACE projects can vary from a single measure ECM such as LED lighting upgrades to whole building multi-measure projects. Examples of multi-measure projects include upgrades to the building envelope, HVAC equipment, building automation controls, water fixtures and installation of renewable energy systems such as solar PV.

Below are some examples of the more commonly installed ECMs in commercial buildings:


  • Lighting upgrades
  • HVAC equipment
  • Building controls
  • Building envelope
  • Elevator/escalator upgrades
  • Hot water heaters
  • Energy recovery systems
  • Pool pumps


  • Water conserving fixtures
  • Gray water systems
  • Cooling tower water recovery
  • Water meters
  • Process water use reduction
  • Irrigation control system
  • Rain harvesting system
  • Efficient hot water boilers


  • Solar Thermal hot water system
  • Photovoltaic (PV) systems
  • Battery storage with PV
  • Biomass technologies
  • Cogeneration (CHP)
  • Fuel Cells
  • Wind turbines
  • E.V. charging stations

A more extensive list of eligible ECMs can be downloaded here. If your project contains measures that are not included on this list, IECA will review the proposed ECM(s) and approve them on a case-by-case basis.