Invest Atlanta is excited to announce the successful relaunch of its Commercial Property Assessed Clean Energy (C-PACE) program, an innovative financing solution that empowers commercial property owners located within city of Atlanta limits to make energy-efficient and sustainable improvements to their properties. The relaunched C-PACE program utilizes an open-market structure, allowing property owners to leverage their existing financing relationships or seek financing from a variety of lenders.
The program provides long-term, low-interest financing for a wide range of energy-saving and sustainability-enhancing projects, including:
- HVAC system upgrades
- Solar panel installations
- Water conservation measures
- Lighting retrofits
- Building envelope improvements
- And more!
Unlike traditional financing options, C-PACE financing is secured by a special assessment on the property tax bill, ensuring repayment without impacting a property owner's cash flow. C-PACE financing offers a multitude of benefits for Atlanta’s commercial property owners, including:
- Up to 30-year fixed rate loan terms
- Accessible capital for start-up, minority and boutique developers
- Rates can be up to 50% less than mezzanine debt
- One payment per year through property tax bill
- Obligation will be transferred upon sale of property to new owner
- 100% financing available upfront for eligible improvements
- Reduced energy costs and increased property value
Visit www.investatlanta.com/pace to explore the program guidelines and submit your application today!
If you are a C-PACE capital provider and would like to register with Invest Atlanta’s C-PACE program, please reach out to Melody Echols [email protected].