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Colorado Commercial Property Assessed Clean Energy (C-PACE) Program

Colorado commercial property assessed clean energy (C-PACE) is an innovative new financing mechanism for commercial real estate developers. It enables you to access affordable, long-term, non-recourse financing for the installation of energy efficiency and renewable energy measures. Financing is provided by private capital providers in an open market so you can choose the most competitive rates and terms, and is repaid through a voluntary assessment that is recorded on the property.

Eligibility: 

To be eligible for C-PACE financing, projects must be located on eligible real property and be owned by an eligible property owner (including individuals, business entities, and nonprofit companies).Buildings owned by state and local government agencies are also eligible for C-PACE financing. For new construction: You can access Colorado C-PACE financing for up to 20 percent of your building's total eligible construction cost if you design the building to exceed the 2018 International Energy Conservation Code (IECC) by 5 percent or more. (Meet IECC 2018 and still receive 15 percent.)

Funding Entity: 
The Colorado New Energy Improvement District
Source: 
State
Category: 
Loan
Eligible Project Type: 
New Construction
Rehabilitation
Counties Available: 
Adams
Arapahoe
Baca
Boulder
Broomfield
Clear Creek
Costilla
Crowley
Delta
Denver
Douglas
Eagle
El Paso
Garfield
Gilpin
Grand
Gunnison
Huerfano
Jefferson
La Plata
Las Animas
Lake
Larimer
Lincoln
Logan
Mesa
Montezuma
Montrose
Morgan
Ouray
Otero
Pitkin
Prowers
Pueblo
Routt
San Miguel
Sedgwick
Summit
Yuma
Amount: 
Up to 100% financing for existing building retrofit projects and up to 20% financing for new construction projects.
Purpose of Funds: 
Building envelope
EV charging
Heat pump general
Geothermal
Solar
Energy assessment
Technical assistance
Other
Last Updated: 
09/15/2023
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