C-PACE as a Financing Tool to Comply with Regional Building Energy Performance Standards
Building Energy Performance Standards are being introduced throughout the Northeast, including Boston’s BERDO 2.0. Commercial Property Assessed Clean Energy (C-PACE), already adopted by several states, can act as a ‘carrot’ for property owners to make the necessary capital improvements to meet these requirements. With C-PACE, property owners can access low-cost, long-term, fixed-rate financing for measures that impact the energy and water performance of their commercial or multi-family properties. In this session we will discuss the benefits of C-PACE and how it can be utilized to provide upfront capital for energy efficiency projects in order to comply with standards such as BERDO. We will share best practices and case studies from projects in Massachusetts.
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Marina 3
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Learning Objectives:
- Describe Building Energy Performance Standards and their implications for commercial and multifamily properties
- Explain how C-PACE financing works
- Apply for and access financing to complete energy efficient improvements
- Take advantage of opportunities to finance energy efficiency projects to comply with Building Energy Performance Standards
