At Edge Insights, our goal is to provide effective expense reduction strategies for your business. To aid in this mission, we work with your business and our banking partner to inform you of funding options available for your specific business industry. For many businesses, CPACE funding is a valuable option to reduce business cost while increasing efficiency, reducing risks, and prioritizing sustainability.
What Is CPACE Financing?
CPACE stands for Commercial Property Assessed Clean Energy. CPACE financing offerings encourage energy efficiency, sustainability, water savings, and risk mitigation efforts for commercial properties. It is a public-private relationship project available through banking partnerships.
CPACE financing can be used for a variety of building construction and facility updates to reduce unnecessary energy usage and improve sustainability benchmarks.
Who Can Gain CPACE Funding?
- Office Buildings
- Retail Buildings
- Senior Housing
- Medical + Special Purpose
- Renovation and Redevelopment
- Construction Expansion
- Gut Rehabs
- Adaptive Reuse
- Tenant and Capital Improvements
- Retroactive Financing
- New Construction Development Projects
Benefits of CPACE Funding
CPACE funding provides a variety of benefits for businesses to help reduce cost and increase efficiency. The major benefits businesses gain from CPACE funding are improved cash flow and financing opportunities.
CPACE funding benefits include:
- Fixed-rate financing for up to 30 years
- Flexible payment options including financing up to 100%
- Retroactive financing is available on projects completed in the last three years
- Costs are transferable with property sale and can be shared with tenants
Where Is CPACE Funding Available?
CPACE funding programs are currently available in 30 states and the District of Columbia. Edge Insights works with our premier banking partner to assist our customers in participating states. We will work with you to determine if you are eligible for CPACE funding and partner with you to submit the necessary paperwork to receive financing for your project.