Commercial PACE Financing for New Construction

Commercial property assessed clean energy (CPACE) financing is a financing solution that helps overcome the upfront costs of implementing energy, water, or resilience projects. While it is most commonly used to finance projects in existing buildings, owners and developers are increasingly incorporating CPACE into the capital stack for new building construction, adaptive reuse, and major renovations. This toolkit provides resources and project case studies for building owners and developers that may want to take advantage of commercial PACE for new construction.