Colorado’s Commercial Property Assessed Energy (C-PACE) program provides affordable, long-term financing for energy efficiency, water efficiency, and renewable energy projects. Funding under this program is through private capital providers in an open market allowing facility owners to select the most favorable terms.
C-PACE can fund up to 100% of the hard and soft costs of upgrade and efficiency measures enacted at commercial facilities with long-term financing of up to 20 years. Under the program, funds are repaid as an assessment on the facility’s regular property tax bill (similar to sewer & sidewalk assessments). This method coupled with a long payback period enables many projects to be cashflow positive from day one. As a tax assessment, the funding and repayment stay with the building even through ownership changes. As such, owners can retain all the tax incentives, energy savings, and lower operating costs. Also, building owners can combine C-PACE funds with utility incentives or local and federal incentives gained through energy-efficient modernization projects.
C-PACE is a way for facilities to undertake large scale retrofit projects without the initial out-of-pocket costs. C-PACE projects that address comprehensive energy efficiency needs routinely exceed the annual assessment payment, allowing property owners to direct funding to other budget items that need addressing. With 100% upfront financing and long-term repayment schedules, facilities can enact upgrades that address the needs of the entire facility instead of piecemealing out projects or performing only those with fast paybacks.
Property Types Eligible for C-PACE
- Commercial Buildings
- Hotels & Hospitality Venues
- New Construction Projects
- Industrial & Agricultural Facilities
- Hospitals & Healthcare Facilities
- Multifamily Dwellings (with 5+ units)
C-PACE Eligible Improvements & Expenses
- Automated Building Controls
- Boiler, Chiller, & Furnace Improvements
- Building Envelope Improvements
- Service & Maintenance Contracts
- Combined Heat & Power Systems (CHP) Optimization
- High-Efficiency Lighting
- Hot Water Systems
- Electric Vehicle Charging Stations
- HVAC Upgrades and Controls
- Energy Information Systems (EIS)
- Engineering Studies
- Energy Audits
- Control Sequence Tuning
- Solar PV & Energy Storage Systems
- Water Efficiency
- Many More
Contact ATS today to prequalify your facility and begin planning your C-PACE funded project. ATS will perform a site study that will provide you a greater understanding of your building while developing projects that will be cash-flow positive for your organization.
Utilizing ATS Rocky Mountain as your C-PACE project developer will give you peace of mind knowing that the experts in your facility systems are developing comprehensive efficiency programs tailored to bring the most significant energy and operational savings possible, all while increasing the value of your property.
As your project developer ATS will:
- Manage the C-PACE process
- Prequalify your facility
- Perform building and energy assessments
- Develop project scope
- Partner & contract with technical experts as needed so you get the most value out of your projects
- Complete project management — from development through ongoing service
Contact ATS today to request a site study and begin planning your C-PACE project.
C-PACE project funding is available in Colorado and several other states. If you are outside of CO, contact ATS to see if there is a C-PACE program for your state and municipality.
Contact ATS Regarding C-PACE
Use the form below to have an ATS team member contact you regarding C-PACE. We are happy to discuss prequalifying your building, schedule a site study, or answer any questions regarding energy efficiency and C-PACE projects you have.