C-PACE financing.
Commercial Property Assessed Clean Energy — long-term financing for energy retrofits, solar, and resilience on commercial property. Repayment via tax assessment, often non-recourse, up to 30-year amortization. Stacks alongside senior bridge or perm.
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C-PACE terms.
| Loan range | $100,000 – $50M+ per project |
| Rate range | 5.5–7.5% (depending on state and term) |
| Term | Up to 30 years (matching useful life of improvement) |
| Recourse | Typically non-recourse to borrower |
| Repayment | Via special property tax assessment |
| Senior lender consent | Required — PACE is senior to existing mortgage at foreclosure |
| Use cases | HVAC, LED, solar, water, seismic, EV charging, envelope improvements |
| Geography | 35+ states; active in CA, NY, FL, TX, CT, CO, OH |
| Direct lenders | Specialized PACE finance companies + a few institutional CRE lenders |
FAQ
C-PACE, answered.
What is C-PACE financing?
C-PACE (Commercial Property Assessed Clean Energy) is long-term financing for energy efficiency, renewable energy, and resilience improvements on commercial property. Repayment is via a special tax assessment on the property — non-recourse to the borrower, transferable on sale. Term up to 30 years.
What can C-PACE fund?
HVAC upgrades, LED lighting retrofits, solar PV systems, water efficiency, building envelope improvements (insulation, windows), seismic retrofits, electric vehicle charging infrastructure, and other qualifying improvements per state PACE program rules.
Does C-PACE replace senior commercial financing?
No. C-PACE stacks alongside the senior commercial loan. The senior lender must consent (subordinate to the PACE assessment). C-PACE can fund up to 25-35% of property value depending on state program and senior lender consent.
Where is C-PACE available?
C-PACE is authorized in 35+ states. Most active programs: California, New York, Florida, Texas, Connecticut, Colorado, Ohio. Direct C-PACE lenders on Ask Speedy operate across multiple state programs.