WHAT IS C-PACE FINANCING?
Commercial Property Assessed Clean Energy "C-PACE" is a financing mechanism that enables low-cost, long-term 100% financing for energy efficiency and renewable energy projects.
C-PACE financing basically creates an Energy Improvement District (EID), similar to an SID or LID, so it is repaid as an assessment on the property's regular tax bill. The assessment transfers with the property upon a sale.
C-PACE is available to commercial real estate developers for new construction and is beneficial by reducing the project's weighted average cost of capital or to fill in financing gaps.
As a registered C-PACE Capital Provider, Liberty Energy Partners is able to provide 100% financing for energy retrofit projects and up to 20% financing for new construction. Energy retrofit projects will lower building energy costs while increasing the value of building and generating positive cash flow. The best part of the financing is that it requires no personal guarantee by the building owner and the repayment obligation is transferred to the new owner if the building is sold.