Connecticut Property Assessed Clean Energy (C-PACE) financing allows qualified commercial real estate (CRE) owners to invest in valuable, cash flow generating energy conservation measures with no cash out of pocket. C-PACE financing serves as a compelling long term financing alternative to a short term, conventionally structured real estate property investment loan. C-PACE liens have proven successful as attractive securitized assets for private investors and funds.

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C-PACE
Connecticut Property Assessed Clean Energy
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For Commercial Real Estate Owners

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What is C-PACE?
C-PACE financing allows qualified commercial real estate
(CRE) owners to invest in cash flow generating energy
conservation measures.
C-PACE financing serves as a compelling long term
financing alternative to a short term, conventionally
structured real estate property loan.
C-PACE liens have proven successful as attractive
securitized assets for private investors and funds.
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Benefits to CRE owners
Qualifying CRE owners can benefit from:
• 100% up front financing
• Affordable, fixed long-term payment terms (10-20
years)
• Positive cash flow, increased NOI and building value
• Off balance sheet/No recourse
• Business Energy Investment Tax Credit
• MACRS depreciation for renewable energy investments
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Who qualifies for C-PACE?
Commercial real estate owners with:
• Office
• Retail
• Industrial
• Multi-family (5+ dwelling units)
• Agricultural
• Not for profits
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What types of projects qualify?
Qualified C-PACE projects include:
• Renewable energy systems
• Lighting upgrades
• Building envelope improvements
• Efficient mechanical systems upgrades
• Fuel cells and combined heat and power (CHP)
systems
• Water conservation measures
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What other requirements are there?
Qualified C-PACE properties must:
• Be in good standing with lender/municipality
• Undergo standardized technical and financial review
• Project a savings to investment ratio (SIR) > 1
• Have existing mortgage holder consent (if applicable)
• Improvements must be permanently affixed to property
• Project commissioning
• Post-implementation Measurement & Verification (M&V)
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Building owner submits application to CEFIA “CT Green Bank”;
CEFIA conducts preliminary financial review and confirms
eligibility; Approves next step 3rd party evaluation of project
and positive savings/investment ratio (SIR)
Energy Solutions Partner proposes energy conservation
measures (ECMs) and C-PACE energy improvement financing
opportunity to building owner
Contractor works with Sustainable Real Estate Solutions (SRS)
to confirm SIR>1 requirement; Develops final proposal
development for building owner; Building owner signs contract
The C-PACE process (simplified)
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C-PACE compared to bank financing
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C-PACE is superior to bank
financing in many cases:
• No cash out of pocket
• Competitive, fixed interest
rates
• Long-term fixed financing
(10-20 years)
• SIR > 1 (project ECMs must
save more than they cost
over their useful life)
• Generates immediate,
positive cash flow

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Contact Us
Poplar Energy Solutions is a qualified C-PACE consulting
company.
Acting as an owner’s representative, we offer objective
evaluation of all energy conservation measures and can
recommend best in class service providers through our
growing network of green building professionals.
Contact Rob Freeman Jr., LEED AP, GPRO O+M
CEO Poplar Energy Solutions (914-649-0007)
rob@poplarnetwork.com
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