While many buildings need upgrading, until C-PACE there was no good way to pay for it. C-PACE solves the financial issues associated with a building modernization project by providing 100 percent financing that is long-term, non-recourse, and affordable. Since the financing is based on the building’s financial health, and not the owner’s creditworthiness, personal guarantees are not required. Once a project is complete, the property owner has a more valuable, competitive, and sustainable property with lower utility bills and higher net operating income.