Property Eligibility

C-PACE financing is available to eligible commercial and industrial property owners in Participating Communities. Eligible properties include both existing and newly constructed commercial and industrial buildings and multi- family apartment buildings consisting of five or more dwelling units, including:

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

C-PACE financing is available to property owners for equipment replacement, retrofits, new construction and value-add or adaptive-reuse projects.  Additionally, property owners may refinance eligible improvements that were completed within the last three (3) years.

Single-family residential (four or fewer units), and condominiums are not eligible.

Eligibile Improvements

Energy and Water Efficiency Improvements

  • HVAC upgrades and controls
  • High-efficiency lighting
  • Building envelope (insulation, roof, windows & doors)
  • Automated building controls
  • Low flow water fixtures
  • Combined heat and power systems (CHP)
  • Beneficial Electrification
  • Hot water systems
  • Motors, pumps and variable speed drives

Renewable Energy Improvements

  • Solar PV
  • Solar Thermal
  • Wind
  • Biofuels
  • Geothermal

Electric Vehicle Charging Infrastructure

  • Level 2 charging stations
  • DC fast chargers

Water Use Improvements – Purification

  • Water recycling systems
  • Stormwater management: capture, reuse and recycle
  • Bioretention, green roofs, cisterns & porous pavement
  • Lead pipe abatement

Resiliency Improvements

  • Flood mitigation
  • Wind resistance
  • Energy storage and backup power generation (micro-grids)

Eligible Energy Projects must be installed by qualified professionals who are registered and in good standing with the IECA PACE Program. Property owners may refer their contractor / professional to apply to the Program for registration HERE.

Learn more about how to qualify for C-PACE financing HERE.