General Information and Structure
Lender:
Connecticut Green Bank
Lending Type:
Green Bank
Jurisdiction:
CT
Commercial Property Assessed Clean Energy (C-PACE) enables building owners to pay for clean energy improvements or clean energy production projects over time through a voluntary benefit assessment on their property tax bills. This process makes it easier for building owners to secure lowinterest capital to fund energy improvements and is structured so that energy savings more than offset the benefit assessment.
Active or Closed Program?:
Active
Years Offered:
2011 - Present
Eligibility Criteria:
5+ units (best suited to 100+ units). Income eligible and market rate can qualify.
Type of Financing:
PACE
Loan Size Range:
No limits (max of $300,000 for boiler life loan)
Type of Improvements Covered:
Energy Efficiency, renewable energy, health and safety, water efficiency
