C-PACE Financing Connecticut Commercial Solar Installations

Commercial Property Assessed Clean Energy (C-PACE) is an innovative program that is helping commercial and industrial property owners access affordable, long-term financing for solar energy upgrades and commercial solar installations to their buildings.
C-PACE allows building owners to finance qualifying energy efficiency, solar installations, and clean energy improvements through placing a voluntary assessment on their property tax bill. Property owners pay for the improvements over time through this additional charge on their property tax bill and the repayment obligation transfers automatically to the next owner if the property is sold. Similar to a sewer tax assessment, capital provided under the C-PACE program is secured by a lien on the property, so low-interest, long-term capital can be raised from the private sector with no government financing required. This arrangement spreads the cost of clean energy improvements – such as commercial solar installations – over the expected life of the measure.

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