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.

Contact us

607.775.3035

Schedule Service

Send

Testimonials

In December 2010, I had my entire EJ home, including the basement insulated by The Insulation Man. Pat Dundon came highly recommended by several people. These recommendations did not disappoint.

Diane M., Johnson city, NY