Philadelphia C-PACE: A Guide to Financing

Benefits of C-PACE

Long-term financing for energy efficiency, water conservation, and renewable energy improvements made to commercial and multifamily (coming soon) properties with repayment through a property tax assessment. 

  • Non-recourse, non-accelerating capital for commercial, multifamily (coming soon) and industrial property types
  • 100% project financing includes hard, soft and related costs
  • Serves as a critical component of the commercial real estate capital stack for new construction and property rehabilitation/repositioning
  • Payments may be deferred for several years or structured with an interest-only period
  • Facilitates corporate sustainability goals and compliance with mandated capital improvements.

How C-PACE works

C-PACE programs are public-private partnerships that foster the adoption of energy efficiency, renewable energy and resiliency improvements by commercial properties by helping ‘green’ and resilient infrastructure investments make economic sense.

  • property owners gain access to private capital to reduce operational expenses and manage their capital stack effectively
  • communities are able to provide an incentive for carbon reduction, public safety, and economic development at zero cost to taxpayers
  • building tenants and occupants can benefit from reduced utility costs, increased building performance, and operational resiliency
  • state and local legislators can address specific social objectives such as carbon emission reduction goals


Case Example

The Kirkbride Center, a 17 acre healthcare and social services campus with National Historic Landmark status in West Philadelphia partnered with CounterpointeSRE to upgrade its chillers and boiler plant, resulting in significant operational efficiencies and replacing obsolete equipment.

  • Landmark Philadelphia social services center
  • HVAC and chillers
  • Built in 1859
  • C02e saving of 668 metric tons annually

Operational Efficiency

with C-PACE

$4.3 million C-PACE financing

C-PACE program details

PACE Eligible Improvements

From roofing and building envelope to HVAC and lighting on the efficiency side to renewable energy, water conservation and resiliency to storm, flood and seismic events, PACE financing covers endless improvements to new and existing properties.

Retroactive PACE

PACE financing can be applied to completed projects to recapitalize energy efficiency, renewable and resiliency investments. Refinance is important in newer PACE markets where the legislation may follow an owner’s investment and is a strategic resource for owners.

PACE for Green Roofs

Using PACE financing for a Green roof can yield a cash flow positive improvement that adds value by increasing energy efficiency, reducing storm-water run-off and transforming unused space into a building amenity to be enjoyed by tenants. 


PACE is an acronym that bears some explaining. In fact, it’s a little misleading because it’s not just for “clean energy.”  Some answers to common questions are provided here, but ask your own by clicking below.
What can I do if PACE is not available for my ownership structure or property type?
CounterpointeSRE is focused on the finance of sustainable real estate, so when PACE is not available, we will explore activating the region for you with local administrators while simultaneously offering additional finance options such as EEAS or ESAs and PPAs.
How much PACE financing can my property support?
Financing parameters generally allow for a lien to value of up to 35% for a retrofit and 20% for new construction based on the as-is or stabilized property value.  Of course, this varies by property type and location.  Get a quote today or ask a question to evaluate your options with a financing expert.
What are the financing terms and rates for C-PACE financing?
The length of the loan or assessment is generally based on the average useful life of the equipment to be installed and can vary from 5 to 30 years.  The loan is fully amortizing, with no guarantees of covenants required. Interest rates are fixed and vary by location, term, project size and property type please “get a quote” for current rates.

We look forward to speaking