Colorado C-PACE

Commercial Property Assessed Clean Energy (C-PACE) enables building owners in Broomfield to fund 100% of the cost of energy efficiency and water conservation improvements. C-PACE long-term financing (up to 20 years) enables cash flow positive projects with no upfront capital outlay

How it works

Owners repay the cost of eligible improvements over a period of up to 20 years through an additional charge (“assessment”) on their property tax bill. The resulting energy savings typically outweighs the annual assessment payment thereby enabling cash flow positive projects. Because the assessment is tied to the property, the repayment obligation automatically transfers to the next owner if the property is sold.

New Construction

Yes, Colorado’s program is the first in the country to provide C-PACE financing for certain energy efficiency upgrades in new construction. By choosing equipment that produces savings “above” the local IECC code, the owner can finance up to 15-20% of the total building construction cost through C-PACE.

Qualifying Properties

Commercial, Industrial, Healthcare, Agricultural, Non-Profit, and Multifamily (5 or more units) properties qualify.

Eligible Improvements

Several different types of energy efficiency, renewable energy, and water conservation improvements are eligible. Here are a few of the most common improvements, which is not meant to be exhaustive:
Eligible Energy Efficiency Improvements Eligible Renewal Energy Improvements
  • Automated building controls (BMS, EMS)
  • Boilers, chillers and furnaces
  • Building envelope (insulation, glazing, windows)
  • High efficiency lighting
  • Hot water heating systems
  • HVAC upgrades
  • Roof replacement
  • Variable speed drives on motors, pumps, and fans
  • Combined heat and power (CHP) systems
  • Fuel cells
  • Geothermal systems
  • Hydroelectric systems
  • Solar PV
  • Solar thermal
  • Irrigation systems
  • Low-flow fixtures













 
 

In addition to the improvements listed above; commissioning costs, construction costs related to an eligible improvement, energy audit costs, engineering and design expenses, measurement & verification costs, permit fees, and renewable energy feasibility study costs also qualify as eligible expenses.es.

Need more information?

Colorado C-PACE welcomes the opportunity to discuss your building improvement needs. To get started contact Colorado C-PACE at 877-325-1882 or info@copace.com.


Colorado C-PACE

COPACE-Logo-Final-(1).jpg

Colorado C-PACE Program Manager
877-325-1882
info@copace.com