Greenworks Lending is a private capital provider uniquely dedicated to funding commercial real estate through Commercial Property Assessed Clean Energy (C-PACE). Greenworks Lending’s C-PACE financing makes clean energy a smart financial decision for commercial property owners and developers.
We are the largest provider of Commercial Property Assessed Clean Energy (C-PACE) financing in the country. Led by several of the industry’s founding policy developers and standard-setters, Greenworks Lending is a private capital provider uniquely dedicated to funding commercial real estate through C-PACE. Greenworks has provided financing to hundreds of commercial properties in more than a dozen states. Our C-PACE financing makes clean energy a smart financial decision for commercial property owners.
What is C-PACE?       Â
Commercial Property Assessed Clean Energy (C-PACE) is a state policy-enabled financing mechanism that allows building owners and developers to access the capital they need to make energy related deferred maintenance upgrades in their existing buildings, support new construction costs, and make renewable energy accessible and cost-effective.
How does C-PACE Work?
C-PACE makes it possible for commercial property owners to obtain low-cost, long-term financing for enerÂgy efficiency, water conservation and renewable energy projects. Most commercial property types qualify for C-PACE financing.
The program starts with a state-level government policy that classifies clean energy upgrades as a public benefit – like a new sewer, water line or road.
These upgrades can be financed with no money down and then repaid as a benefit assessment on the property tax bill over a term that matches the useful life of improvements and/or new construcÂtion infrastructure (typically ~20-30 years). The assessment transfers on the sale of the property and can be passed through to tenants where appropriate.
While facilitating sustainability efforts, the program reduces property owners’ annual costs and proÂvides dramatically better-than-market financing for green new construction.
Where is C-PACE Available?Â
Click here to see if Greenworks’ C-PACE financing is available in your state!