C-PACE

What is C-PACE?

C-PACE stands for Commercial Property Assessed Capital Expenditure. C-PACE is a loan program that helps businesses improve sustainability. The loans provide capital to support commercial property owners who want to do any of the following to their buildings:

  • Energy efficiency upgrades 
    • Examples: LED lighting, heating and cooling systems
  • Renewable energy additions
    • Example: solar panels
  • Water conservation measures
    • Example: plumbing upgrades
  • Storm resilience improvements
    • Example: flood mitigation

This program helps increase property value and reduce costs while also achieving greater sustainability.

This program is administered through the Economic Development Partnership of North Carolina.

Who is eligible?

  • Commercial properties
  • Industrial properties
  • Agricultural properties
  • Multifamily properties with 5 or more units
  • Non-profit organizations
  • Religious organizations

How do I apply?

To apply or get more information, visit the NC C-PACE web page or email Larry Price at the Economic Development Partnership of North Carolina.