C PACE Financing for Commercial Property Improvements
Explore Commercial Property Assessed Clean Energy financing for qualifying energy, water, renewable energy, and resilience projects, subject to the rules of the active local program.
What Is C PACE Financing?
C PACE, short for Commercial Property Assessed Clean Energy, is a project financing structure for qualifying improvements to commercial property. Depending on the jurisdiction, eligible work may include energy efficiency, renewable energy, water conservation, flood or wind resilience, seismic improvements, and other approved public benefit measures. Repayment is generally collected through a voluntary assessment on the property's tax bill, and a lien is placed on the property. The assessment, lien treatment, eligible improvements, savings tests, leverage limits, and transfer rules vary by state and local program. Existing mortgage lender consent is commonly required. As of September 16, 2026, the directory below includes each state where CapitalAx verified an operating statewide administrator or an active local program from a current government or official program source. Enabling legislation or a program in development is not listed as active availability. CapitalAx is a commercial loan broker and platform, not a C PACE lender. We help owners organize a request and determine whether a potential program or capital source may fit the property and project.
Where C PACE Is Available
Availability checked September 16, 2026. An active program can review projects in participating jurisdictions. Enabling legislation alone does not mean a property is currently eligible.
Alaska
Active in Anchorage
Anchorage currently operates Alaska's verified C PACER program. Other municipalities must establish a program before a property can qualify.
Arkansas
Active in Pulaski County
Arkansas PACE currently accepts projects in Pulaski County. Expansion to other central Arkansas counties is planned but does not yet establish eligibility there.
California
Active through participating local programs
California uses local public agencies and approved administrators rather than one statewide delivery program. Confirm that the property's city or county participates.
Colorado
Active statewide program
Colorado C PACE is administered by the Colorado New Energy Improvement District and provides a current project intake path.
Connecticut
Active in participating municipalities
Connecticut Green Bank administers C PACE. The property must be in a municipality that has opted into the program.
Delaware
Active through the D PACE program
Energize Delaware administers D PACE with county participation and review of property and project requirements.
District of Columbia
Active District wide program
DC Green Bank administers the District's C PACE program and handles current program inquiries and applications.
Florida
Active in participating local jurisdictions
Florida programs depend on local government participation. Confirm the property address with an authorized program before relying on availability.
Georgia
Active in participating local jurisdictions
Verified programs operate in Atlanta and Putnam County. Enabling legislation elsewhere does not by itself make a property eligible.
Hawaii
Active statewide program
The Hawaii Green Infrastructure Authority administers HI C PACER and provides a current route to participating capital providers.
Idaho
Active in participating local jurisdictions
Boise operates a C PACE program with a current guidebook and application packet. Blaine County also has a program in place, but availability is not automatic statewide.
Illinois
Active in participating local jurisdictions
Illinois programs require local adoption. Lake County is one verified operating jurisdiction and directs owners to the program administrator.
Kentucky
Active in participating local jurisdictions
Local Energy Project Assessment District adoption is required. Kentucky PACE provides current eligibility and project application forms.
Maine
Active in participating municipalities
A participating municipality agreement is required before a project can proceed under Efficiency Maine's C PACE program.
Maryland
Active in participating counties
A county must authorize C PACE locally. Most participating counties use MD PACE, while Montgomery and Prince George's counties administer separate programs.
Massachusetts
Active in participating municipalities
MassDevelopment administers PACE Massachusetts. A municipality must opt in before a property owner can apply.
Michigan
Active in participating local jurisdictions
Lean and Green Michigan administers operating programs for participating counties and municipalities. Confirm the property location on its current jurisdiction list.
Minnesota
Active in participating local jurisdictions
MinnPACE serves participating counties and cities. Property location and project eligibility require administrator review.
Missouri
Active in participating local jurisdictions
The Missouri Clean Energy District operates for member local governments. Local membership must be confirmed for the property.
Montana
Active in approved C PACE districts
Montana's Last Best PACE program accepts financing applications for property in approved districts and provides program staff eligibility review.
Nebraska
Active in Lincoln
The Greater Nebraska PACE District currently provides an intake and review path for qualifying property in Lincoln.
Nevada
Active in participating local jurisdictions
Nevada C PACE lists operating participating cities and counties. Confirm the property location before beginning an application.
New Hampshire
Active in participating municipalities
A municipality must establish a C PACER district. The New Hampshire Business Finance Authority maintains current program documents.
New Jersey
Active statewide program
Garden State C PACE provides a statewide program framework administered by the New Jersey Economic Development Authority.
New Mexico
Active in participating local jurisdictions
New Mexico's program has launched, but local adoption still controls availability. Santa Fe County has a verified closing and other jurisdictions have adopted ordinances.
New York
Active in participating member municipalities
Energy Improvement Corporation operates OPEN C PACE for member counties, cities, and Westchester towns. Confirm current membership for the property.
North Carolina
Active statewide framework with local opt in
The statewide program is administered by the Economic Development Partnership of North Carolina, but a local government must opt in before properties there can qualify.
Ohio
Active in participating local districts
Ohio C PACE is delivered through locally established Energy Special Improvement Districts. Confirm that the property is within an operating district.
Oklahoma
Active in participating counties
Oklahoma C PACE accepts projects in counties that have adopted the program. The official program lists 20 participating counties as of February 2026.
Oregon
Active in Washington County
Washington County operates Oregon's verified C PACE program and currently reviews applications under its adopted ordinances.
Pennsylvania
Active in participating counties and municipalities
Pennsylvania's program requires local adoption. Confirm the county or municipality and its current administrator before relying on availability.
Rhode Island
Active in participating municipalities
Municipalities must opt into Rhode Island C PACE. Property and project requirements remain subject to local and administrator review.
Tennessee
Active in participating local jurisdictions
Local governments must establish C PACER programs. Nashville and other verified jurisdictions maintain operating program materials.
Texas
Active in participating local jurisdictions
The property must be in an established Texas PACE region, and the proposed measures must meet program requirements.
Utah
Active in participating local jurisdictions
Utah C PACE maintains current program guidance and an application path, but the property must be in a participating jurisdiction.
Virginia
Active statewide framework with local opt in
Virginia's statewide sponsored program provides centralized administration, but a locality must adopt an enabling ordinance before a property can qualify.
Washington
Active in participating local jurisdictions
Washington C PACER programs are established by local governments. King County and other verified counties maintain operating programs.
Wisconsin
Active in participating local jurisdictions
PACE Wisconsin serves participating counties and municipalities. Confirm current local participation and program requirements for the property.
Key Terms
Who Is It For
- Commercial property owners planning qualifying energy, water, renewable energy, or resilience improvements
- Multifamily, hospitality, industrial, office, retail, and mixed use owners evaluating a project with a long useful life
- Developers incorporating qualifying improvements into a new construction or major renovation budget where the local program permits it
- Owners comparing C PACE with senior debt, bridge financing, construction financing, or sponsor equity
- Borrowers who need to confirm local program availability and coordinate existing mortgage lender review before pursuing a C PACE structure
Common Use Cases
- Energy efficiency improvements to an existing commercial building
- Solar, renewable energy, or building electrification projects where approved by the applicable program
- Water conservation, stormwater, flood, wind, seismic, or other resilience improvements where eligible
- Qualifying improvements included in new construction or a major renovation when the jurisdiction allows them
- A project capital stack that combines C PACE with senior mortgage, bridge, construction, or other financing
Borrower Scenarios
- A multifamily owner is evaluating a qualifying building improvement project and needs to understand whether the local C PACE program permits the proposed work, how the assessment would affect the property budget, and what the current mortgage lender requires.
- A developer is planning a new mixed use project and is comparing a permitted C PACE structure with construction debt and sponsor equity before finalizing the capital stack.
- An industrial property owner is reviewing energy and water improvements that may reduce operating costs over time, while coordinating project documentation, contractor requirements, and lender consent.
- A hospitality owner is considering eligible resilience improvements and wants to compare a C PACE assessment with bridge financing or a future permanent commercial mortgage without assuming that any structure will be approved.