Commercial Property Assessed Clean Energy (C-PACE)
Commercial Real Estate Owners and Developers
Citizens Business Bank’s C-PACE Financing enables you to integrate green improvements and other carbon-reducing enhancements to your property without a large up-front capital contribution. Take advantage of the many opportunities associated with energy efficiency and renewable energy technologies.
Compared to traditional financing, C-PACE Financing is fulfilled through a voluntary property tax assessment. The assessment is tied to the property and is paid semi-annually with your property taxes. Should the property be sold, the repayment obligation is transferred to the next property owner. Improvements must meet certain criteria to be eligible for C-PACE Financing.
Clean Energy Improvements Eligible for C-PACE Financing include:
Structural retrofits (superstructure strengthening) and non-structural
retrofits (supplemental bracings and supports)
Air sealing and ventilation, HVAC, windows, lighting, insulation,
roofing, refrigeration, charging stations, and more
Building hardening and
fire-resistant building materials
Fixtures, irrigation, landscaping,
water reuse, and more
Solar, wind, cogeneration,
fuel cell, and more
C-PACE Financing Team