C-PACE Helping Contractors Win More Energy-Saving ProjectsSamantha Bezich
The importance of energy efficiency projects continues to escalate for commercial facility owners and managers. The commercial property-assessed clean energy (C-PACE) program is a way mechanical contractors can help these owners and managers finance these projects.
During Aeroseal’s latest webinar, “How to Turn Proposals into Projects with C-PACE,” Fred Lee, Senior VP at Bayview Asset Management details the specifics you need to know to build your business with C-PACE.
C-PACE is a state legislated program that allows commercial property owners to finance improvements by placing a self-imposed assessment on their property. These improvements can include energy efficiency, renewable energy, or other related projects.
“C-PACE funding is helping address a critical issue: de-carbonizing commercial buildings through energy-saving projects.”
The Comfortability of C-PACE
Along with the benefits, the C-PACE program allows most mortgage lenders to be comfortable because of its trustworthy and smooth process. It adds value and limited risk to the project, as well as the funding structure. Bankers want to build relationships with borrowers and help them meet their investment and financial goals which is also why there is no acceleration on the financed amount.
PACE has achieved strong growth nationwide. The Legislation passed in 37 states and in Washington D.C., hosting 45 active PACE programs nationwide.
To learn more about C-Pace and its benefits, check out the video below to watch the full-length webinar.