Commercial Property Assessed Clean Energy (C-PACE) Financing

Financing sustainability upgrades—without the upfront cost.

C-PACE (Commercial Property Assessed Clean Energy) is an innovative financing tool that allows commercial property owners to fund energy-efficient, renewable energy, water conservation, and resiliency improvements. Repayment is made through a special assessment on the property tax bill, often over terms of up to 30 years. This long-term, low-cost financing improves cash flow and enhances property value—all while supporting sustainability goals.

Whether you’re planning a new construction project or retrofitting an existing facility, C-PACE can provide the capital you need—without tying up your working capital or traditional credit lines.

Eligible Borrowers

C-PACE is available to a broad range of commercial property types, including:

  • Office buildings
  • Hotels and hospitality
  • Industrial and manufacturing facilities
  • Retail and mixed-use buildings
  • Multifamily housing (typically 5+ units)
  • Nonprofits and institutional buildings

Note:

C-PACE availability varies by state and locality. Thomas Financial Group can help you determine eligibility in your project’s jurisdiction.

Eligible Use of Funds

C-PACE funds can be used to cover 100% of hard and soft costs related to:

  • HVAC systems
  • Roofing and insulation
  • High-efficiency lighting
  • Windows and doors
  • Building envelope upgrades
  • Water conservation systems
  • Solar, geothermal, and wind systems
  • Seismic and storm resiliency upgrades
  • EV charging infrastructure
  • Green building certifications

C-PACE can also be used for eligible upgrades in new construction and gut rehab projects—expanding the capital stack without diluting equity.

Loan Terms

C-PACE financing can improve your debt service coverage ratio, free up capital for other uses, and provide positive cash flow from day one.

Up to 100% financing of eligible project costs

Terms up to 30 years, aligned with asset life

Fixed-rate, low-interest financing

Non-recourse and off-balance sheet in many cases

Repayment via property tax bill

Automatically transfers upon sale of the property

Why Work with Thomas Financial Group?

At Thomas Financial Group, we understand complex capital structures—and we know how to deliver results quickly and efficiently. Our team will:

  • Determine whether C-PACE is a fit for your project
  • Work with state and local administrators to confirm eligibility
  • Structure financing in tandem with other loan products (SBA, USDA, bridge, conventional)
  • Coordinate across all stakeholders—from contractors to legal counsel to municipalities

We’ve helped finance billions in capital projects across the country, and we bring that same creativity and expertise to every C-PACE deal.

Let’s Talk

If you’re exploring energy-efficient upgrades or building from the ground up, C-PACE may be the perfect addition to your capital stack.

Contact us to see how we can structure a solution that meets your financial and sustainability goals.

Contact Us