Qualifying for C-PACE financing is based on the property, and not the owner. The capital provider will look at:
- The property’s estimated market value (assessed or appraised)
- The amount of
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From an accounting perspective, have any auditing firms concluded that the tax lien (which supports the financing) is not a liability of the owner or the building?
There has been no specific ruling by the Financial Accounting Standards Board on this issue.… Read Article
Are C-PACE assessments considered “off balance sheet”? Is there clarity on the treatment of C-PACE as an operating expense from the perspective of the accounting industry?
Property owners are encouraged to consult their accountants on this matter.… Read Article
Does C-PACE use taxpayer dollars to fund projects?
No. C-PACE uses private capital to fund projects. View a list of capital providers that participate in the program.… Read Article
How are the energy savings calculated for proposed energy conservation measures (ECMs)?
As defined in the C-PACE program guidelines, energy efficiency projects must include a formal evaluation of the energy consumption baseline and projected savings that is consistent with the (i) requirements … Read Article
What ECMs are eligible for C-PACE financing?
Improvements that are eligible for C-PACE financing must be permanently affixed to the commercial or industrial property. Examples include, but are not limited to:
- Automated building controls (such as BMS
Can a non-energy-saving measure be financed?
Yes, provided it is related to the eligible improvement allowed under C-PACE. For instance, a roof or structural repair that is needed to support a solar system is eligible. The … Read Article
What building simulation model should I use to determine the energy savings in a multi-ECM project?
The program administrator recommends DOE’s eQuest or EnergyPro, although other models such as Trane’s Trace 700 and Carrier’s HAP model are also acceptable.… Read Article
Should the energy savings be evaluated over the estimated system lifetime rather than just over the finance term?
Energy savings are calculated over the expected useful life of a specific energy conservation measure (ECM). In projects that incorporate multiple ECMs, the weighted useful life of the multiple ECMs … Read Article
What should the commissioning plan include?
The system commissioning plan is intended to confirm that the proposed ECMs have been installed according to the manufacturers’ guidelines and that the system will perform as expected. Contractors are … Read Article