What is C-PACE?

C-PACE saves property owners money on energy with no out-of-pocket costs

PACE (Property Assessed Clean Energy) uses the local government’s taxing authority to attach a voluntary Special Assessment lien to a privately-owned property in order to secure the financing of energy improvements.

Here’s a 90-second overview of C-PACE


What You Need to Know About PACE in Rochester

In New York State, PACE is:

  • Commercial only (includes office, retail, 5+unit multifamily, industrial, agricultural, and institutional/nonprofit buildings)
  • Administered by EIC-PACE, a nonprofit local development corporation owned by its member counties and municipalities)
  • Provides up to 100% of hard and soft costs for eligible upgrades
  • Must be approved by mortgage holders (if any)
  • Fixed-interest rates for terms up to 20-30 years, tied to the average useful life of the improvements
  • Typically cash-flow positive from day one through energy cost savings
  • Must reduce carbon emissions

Contact Us for more information about C-PACE in Rochester


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