Commercial Property Assessed Clean Energy (C-PACE) financing is most often used for energy efficiency upgrades to buildings, such as new lighting and HVAC systems. However, C-PACE can also be used to finance renewable energy systems in combination with energy efficiency improvements, or solely for renewable energy systems such as solar PV. Because C-PACE financing offers long loan terms (up to 30 years), it works advantageously in making PV systems pencil, reducing energy costs long term for building owners, and growing the distributed solar market. C-PACE allows a building owner to finance the purchase of the PV system and take advantage of the available Federal Investment Tax Credit.
The Mid-Atlantic PACE Alliance (MAPA) is offering a free webinar on May 26th. Our presenters will discuss the advantages of using C-PACE to finance rooftop solar PV systems, as well as provide case studies on how three different commercial buildings in the region were developed and financed.
Presenters:
• John Burns, Solar Developer for Taylor Street Storage Solar + Green Roof project in DC
• Paul Fuhrmann, Sustainable Energy Systems; Solar developer for Frederick Indoor Sports Complex and Bar-T Ranch projects in MD
• Michele Pitale, M.D., Counterpointe Sustainable Real Estate
• Moderator: Abby Johnson, Virginia PACE Authority