The U.S. Department of Energy (DOE) recently accepted IBTS as a Market Partner for their Commercial Property Assessed Clean Energy (C-PACE) Working Group. This group is comprised of state and local governments, as well as renewable energy and financial industry leaders, collaborating to develop and refine C-PACE financing programs. The goal of this initiative is to develop tools and solutions to combat the C-PACE barriers currently facing state and local governments.
“We are proud to participate in the Working Group as it is an excellent opportunity for IBTS to help foster the growing PACE community,” said Mathew Anderson, Project Manager of Efficiency Services at IBTS. “As leaders in third-party PACE inspections, IBTS is poised to offer a unique perspective on solutions to barriers and quality concerns while collaborating with state and local governments implementing PACE programs.”
The C-PACE Working Group aims to stimulate $60 million in C-PACE investments by 2022.
What is C-PACE?
The PACE program is a tax-assessment based financing mechanism for energy efficiency, renewable energy, water conservation, and resilience projects. PACE covers up to 100% of a project’s hard and soft costs, making green energy upgrades more accessible and affordable. Eligible improvements include:
- Cool roofing
- HVAC and thermostats
- Insulation and air sealing
- Motors and pumps
- Plumbing fixtures
- Solar, wind, and storage
- Structural bracing
- Windows and doors
C-PACE helps commercial, industrial, and multi-family property owners obtain long-term financing for PACE-eligible upgrades to their buildings. In these programs, the loan is tied to the building, not a business, helping to remove part of the risk in investing in capital expenditures.
To learn more on the C-PACE Working Group and how to get involved, please follow the link below:
For more information on our third-party PACE inspections, contact:
Project Manager, Efficiency Services