What is C-PACE for new construction?

Arlington commercial property assessed clean energy (C-PACE) is an innovative new financing mechanism that allows developers to access affordable, long-term, non-recourse financing for the installation of energy efficiency and renewable energy measures in new buildings. Financing is provided by private capital providers through an open-market model to enable favorable rates and terms, and is secured with a voluntary assessment that is recorded on the property (similar to a sewer assessment).

You can use C-PACE if you design your building to exceed the current energy code by at least 15 percent—and it can reduce your equity contribution by as much as 20 percent. Repayment terms extend up to 25 years, and you can transfer the assessment to a new owner if you sell the property.