What Improvements Are Eligible For C-PACE
A wide variety of energy efficiency, renewable energy, resiliency and water efficiency improvements are eligible for PowerGreen C-PACE financing, including:
- Automated building controls (BMS, EMS)
- Boilers, chillers, and furnaces
- Building envelope (insulation, glazing, windows, etc.)
- Combined heat and power (CHP) systems
- Fuel cells
- High-efficiency lighting
- Hot water systems
- HVAC upgrades
- Roof replacement that improves energy efficiency (reflective/cool roof, enhanced insulation, or combined with a solar system installation)
- Variable speed drives on motors, pumps, and fans
- Waste heat recovery technologies.
- Solar photovoltaic (roof upgrade/replacement for rooftop systems is also eligible)
- Battery storage
- Geothermal systems
- Hydroelectric systems
- Small wind systems
- Solar thermal.
- Indoor air quality systems
- Seismic retrofits
- Stormwater systems that reduce on-site or off-site risk of flash flooding
- Wind and fire resistance.
- Irrigation systems that improve water efficiency.
- Water efficient fixtures (low-flow faucets, toilets, etc.).
Can Soft Costs Be Included in the C-PACE Financing?
Yes! Eligible soft costs can be included in the C-PACE financing. These costs are necessary for completing the C-PACE project or for the underwriting by PowerGreen Capital. Typical eligible soft costs include: program fees, required engineering or project development fees, permit fees, surveys, legal fees, capitalized interest, other third-party reports, inspection fees, and financing fees.
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