Commercial Property-Assessed Clean Energy (C-PACE)


Commercial Property-Assessed Clean Energy (C-PACE) is a financing tool that allows commercial property owners to borrow money for energy efficiency, water conservation and renewable energy projects. 

Program Details 

Commercial Property-Assessed Clean Energy (C-PACE) financing provides long-term, competitive terms that can help Philadelphia’s commercial property owners save money while reducing their utility bills and carbon footprints. C-PACE financing is secured via a lien on the borrower’s property.

Benefits of C-PACE include:

  • Cover 100% of project hard & soft costs
  • Long terms (up to 30 years) and competitive rates
  • Can address energy usage split incentive issue between owners and tenants
  • C-PACE financing transfers with property in the event of sale, which allows for longer payback periods

Who’s Eligible?  

  • Any commercial property (including multifamily) located in Philadelphia
  • Tax-exempt organizations (non-profits, churches, etc.)
  • Mixed-use buildings
  • New construction projects
  • Gut Rehab projects

Ready to get started on a C-PACE project in Philadelphia?

The Philadelphia Energy Authority (PEA) administers the Philadelphia C-PACE program with a two-stage application process starting with a short Pre-Application to evaluate the property’s eligibility. Apply now or email for more information.