The program administrator will review each capital provider’s underwriting standards in the Capital Provider Application and Participation Agreement. At a minimum, capital providers must use the following factors when determining … Read Article
Blog Archives
Why have mortgage holders embraced well-designed C-PACE projects?
C-PACE projects, over their estimated useful life, generate positive cash flow based on the energy savings. Such projects can result in increased net operating income, increased debt coverage ratio, increased … Read Article
How does a property owner or developer submit their project for C-PACE financing?
Applying for C-PACE simply requires that a property owner or developer submit a completed Project Application to Reno@PACEworx.com.… Read Article
What happens if the property owner defaults on a C-PACE payment?
In the event of default or delinquency, only the current C-PACE installment payment and any Delinquent C-PACE Payments shall be prior and superior to all liens, claims, encumbrances, and titles … Read Article
How do I become a participating C-PACE capital provider?
The C-PACE program has an open-market structure under which any capital provider may fund eligible projects. To participate in C-PACE, simply fill out the Capital Provider Application in the Resources … Read Article
Why does the C-PACE program require the submission of solar system components cut-sheets?
The program administrator relies on cut-sheet data, which is combined with other project data included in the solar feasibility study, to confirm a project’s eligibility.… Read Article
What can be done to increase a SIR that is less than 1.0?
There are many factors that can be adjusted, including cost, anticipated energy production, the potential use of tax credits, MACRS depreciation, and utility incentives. In addition, a property owner can … Read Article
Do I need to have a Letter of Agreement from the utility to take credit for a utility incentive?
Yes.… Read Article
For roof-mounted systems, what is required to confirm a roof will handle the additional load?
All roof-mounted systems require an assessment and sign-off by a roofing contractor and a structural engineer. Refer to the Program Guide or contact us.… Read Article
Can roof repair or structural work be financed?
Yes, if the work is related to the installation of eligible improvements. For example, if roof repair is required in order to install a rooftop solar PV system.… Read Article