Building owners now have more ways to use C-PACE to finance energy saving projects that reduce energy costs and operating expenses, realizing immediate financial relief. C-PACE helps to reduce costs for years with projects structured so that energy savings should be greater than repayment terms. New payment options mean borrowers can immediately find relief from thinner margins and achieve stability during uncertain times.
Multiple options and offers mean borrowers can work with the Green Bank to design a financing package that meets their unique needs:
With Connecticut Green Bank's Charge Up CT Buildings program, you could be eligible for free EV charging stations when financing a qualifying C-PACE project. Modernize your property for your customers, employees or tenants and prepare for a future with more electric vehicles!
Connecticut Green Bank partnered with the Department of Economic and Community Development's Manufacturing Innovation Fund to offer the Energy on the Line program. Eligible manufacturers could receive up to $40,000 with a qualifying C-PACE project.
C-PACE is an innovative financing tool that helps property owners to make building improvements that reduce their energy bills and operating expenses, putting savings back into their business. Not only can property owners pay for upgrades over time, enjoying predictable savings and positive cash flow, but they can also make their property more modern and enjoyable for their tenants, employees or customers. Addressing immediate needs to reduce costs can also mean preparing your building for the future making it a better place to live, work or shop, and positioning it more competitively among your peers.
With C-PACE, all sorts of energy improvements are possible – from energy efficiency measures that reduce the amount of energy a building uses, to clean energy solutions that produce renewable energy. As long as the lifetime savings from a project are greater than the total investment, it can qualify for C-PACE. Improvements like solar, HVAC, fuel switching and more are within reach. And all types of properties can access C-PACE. Retail, manufacturing, offices, multifamily, nonprofits and faith based organizations can all benefit. Every property is facing unique challenges when it comes to their energy costs and operating expenses. C-PACE helps address this, especially with new, flexible repayment options that eliminate or reduce initial payments while modestly increasing payments over the term of the loan.
How does an outdated engineering plant become a state-of-the-art, energy-efficient sports facility? And how is an industrial complex repurposed into a home for makers, artisans, and manufacturers? Check out our video case study that shows how C-PACE financing has enabled Spinnaker Real Estate Partners to harness the power of solar to reduce operating costs, exceed industry standards in sustainability, and give new life – and purpose – to older buildings.
Looking for a business more like yours? Check out our other C-PACE projects - at nonprofits, retail shops, office spaces and more.