Commercial PACE Financing for Resiliency

Commercial property assessed clean energy (CPACE) financing can be used to fund resiliency improvements that make buildings more resistant to natural disasters and other threats. Many of these projects have an energy component (e.g. energy efficiency, distributed generation, microgrid), but others do not (e.g. seismic retrofits, wind hardening). Current market trends point toward growing use of CPACE financing for resiliency, with the recent completion of several flagship projects including a $40 million seismic retrofit in California and the first-ever use of CPACE financing for a microgrid in Connecticut. At the same time, CPACE policies and programs are becoming more widespread across the United States, making it easier for more customers to access CPACE financing. 

This toolkit provides an overview for building owners, operators, and occupants that may want to take advantage of CPACE financing to improve resiliency in their facilities.



Sector:

Commercial, Multifamily

Barrier:

Financing or paying for a project

Tool type:

Financing