CPACE

Comercial Property Assessed Clean Energy - CPACE

Commercial Property Assessed Clean Energy (CPACE) is a program whereby commercial property owners can increase their bottom line while lowering their energy costs. The financing is offered through Energize NY which is a program of the Energy Improvement Corporation (EIC). EIC is a non-profit New York State local development corporation with a mission to scale the adoption of clean energy in New York State's buildings.

Here are just a few of the advantges of utilizing the CPACE program in New York State:

It's Easy

• No upfront cost to upgrade your building
• FInancing eligibility is based on your property's potential energy savings (not on traditional credit)
• There is an online application process with a fast approval
• The Energize NY team will help you at every stage of the improvement process

It's Convenient 

• Up to 100% long-term financing at low interest
• If the building is located in a municipality that is a member of EIC, the repayment obligation is attached to the property tax bill
• The financial obligation is transferred to the new owner when the property is sold

It's Affordable

• No down payment is required
• Competitive rates from 4% to 6.5%
• Flexible terms of 5 to 20 years (subject to market conditions)
• Combines seamlessly with state and local energy incentive programs for additional benefits

For more information regarding Energize New York and CPACE please Click Here to visit their site.