Commercial Property Assessed Clean Energy (C-PACE)
What is C-PACE?
Commercial Property Assessed Clean Energy (C-PACE) is a tool used to finance energy efficiency, water conservation and renewable energy projects for commercial property owners.
Like other project financings, C-PACE uses borrowed capital to pay for the upfront costs associated with qualified energy improvements projects that are permanently affixed to the property. The capital provider is repaid through an assessment.
You will start with the online Clark County C-PACE Project Center portal where one of our C-PACE team members will walk you through the steps.
To take advantage of the Clark County C-PACE Program, property owners develop qualifying energy and water conservation projects with contractors of their choice. Commercial property owners then arrange C-PACE Financing with a Qualified C-PACE Program Lender and, if applicable, acquire Mortgage Lender Consent. Next, the property owner applies to qualify their project for C-PACE financing according to the program requirements. If the C-PACE project is approved, the borrower and C-PACE lender enter into a C-PACE financing agreement.
C-PACE financing provides:
Low-cost, upfront financing that covers up to 100 percent of project costs.
Long repayment periods.
Reduced energy consumption and operating expenses.
Upgraded, more efficient and modern systems.
Immediate return on investment/positive cash flow.
Increased net operating income and property value.
C-PACE projects greater than $500,000.
Option, upon sale, to transfer financing to the new owner.
May include but not limited to.
Energy Efficiency Improvements
Automated Building Control Systems (BMS)
Automated Energy Management Systems (EMS)
Building Envelope Improvements: Walls, Roofs, Floors and Foundations
Furnaces, Boilers & Chillers
Pumps, Motors, Fans & Variable Speed Drives
Windows and Door Systems to Reduce Energy Consumption
Energy Recovery Systems
Elevator Modernization Projects
Renewable Energy Improvements
Water Efficiency Improvements
Low Flow Fixtures
High-efficiency toilet retrofits
Efficient showerhead retrofits
Waterless and high-efficiency urinal retrofits
Converting a sports field from grass to an artificial surface
Retrofitting standard cooling towers with qualifying, high-efficiency drift elimination technologies