January 23, 2020 article by Tom Pfister in Forbes previewed here:
In the Climate Era, take note on the emergence of C-PACE. It’s both a financing tool and an industry, created for funding projects with private capital in energy efficiency, renewable energy and resiliency, on new and existing commercial properties in 21 states and the District of Columbia.
For the Commercial Property Assessed Clean Energy industry, market development, cumulative investments and association membership are signaling this esoteric finance mechanism is building mainstream muscle.
As with conventional financing, commercial property owners borrow C-PACE capital to pay for designated improvement costs. How does C-PACE differ from conventional financing? The borrowed capital becomes a property tax assessment, which the owners — and future owners, as the case may be — repay with the property’s regular tax bill.
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