C-PACE

C-PACE Overview

Please note that while El Paso County now supports the utilization of the C-PACE program in our region, it is a statewide program, and much of the content, development, and technical assistance occurs at the state level. If you have any questions, please contact the Colorado C-PACE Project Manager at (877) 325-1882 or info@copace.com.

Colorado Commercial Property Assessed Clean Energy (C-PACE) is a state initiative that helps building owners access private-sector financing to upgrade their building with energy efficiency, clean energy, and water efficiency improvements. This program is spearheaded by the Colorado Energy Office and overseen by the New Energy Improvement District, known as “NEID.” C-PACE offers up to 100 percent financing for existing building retrofit projects and between 15-35 percent financing for new construction projects, with terms that extend up to 25 years.

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Examples of Projects

Insulation, windows, doors, air sealing

HVAC, Energy Control Systems

Water conservation systems

Lighting

Energy recovery systems, green roofs

Electric vehicle charging equipment at facility or parking lot

Elevator and other mechanical projects

Energy/water audit costs, closing fees

Resiliency improvements are now eligible for the C-PACE program.

Resiliency projects include an improvement to real property, facilities, or equipment that:

Increases a building’s structural resiliency for seismic events

Improves indoor air quality, improves wind or fire resistance

Improves stormwater quality or reduces on-site or off-site risk of flash flooding

Improves or enhances the ability of a building to withstand an electrical outage

Reduces or mitigates the urban heat island effect or effects of extreme heat

Reduces any other environmental hazard identified by the Colorado Department of Public Health and the Environment

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Financing

Banks, credit unions, and specialty private capital firms, also known as capital providers, finance C-PACE projects. You can find a list of consenting financial institutions in Colorado here. Repayment is secured by a voluntary special purpose assessment that is recorded against the property and billed as a separate line item on the property tax bill.

First Steps

Interested businesses must fill out the C-PACE pre-qualification form, which can be found by visiting the CO-PACE Resources website. Contractors can register by also visiting the CO-PACE Resources website and downloading the “Contractor Registration Form.” The form can then be submitted using the instructions in the document.