Commercial PACE (C-PACE)

Commercial Property-Assessed Clean Energy (C-PACE) is a financing structure that allows commercial property owners to borrow money for energy efficiency, water conservation and clean energy projects. Repayments are made via a special assessment similar to a property tax assessment. C-PACE can help property owners achieve significant savings on their utility bills while reducing their carbon footprints.

Visit PhiladelphiaCPACE.org for details on the C-PACE program, application process, case studies and more.

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C-PACE in Philadelphia

In June 2018, Governor Wolf signed SB 234 into law creating Act 30, making Pennsylvania the 36th state to adopt C-PACE. Philadelphia Mayor Jim Kenney signed legislation creating the Philadelphia C-PACE program in August 2019. The Philadelphia Energy Authority (PEA) is the Program Administrator for Philadelphia’s C-PACE program. PEA will review and approve applications, manage billing, file liens, and perform other general administrative duties.

C-PACE Projects

Kensington-Harrowgate

On July 17, 2020, the Philadelphia Energy Authority, Twain Financial Partners and SHIFT Capital announced the financial close of the first project in Pennsylvania to use Commercial Property-Assessed Clean Energy (C-PACE) financing. SHIFT Capital is borrowing $1,500,000 in C-PACE financing from Twain Financial to pay for energy and water efficiency upgrades to a new mixed-use development in the Kensington-Harrowgate neighborhood of Philadelphia.

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Contact PEA

PEA is happy to speak to any interested party about the C-PACE Program.

For information on Pennsylvania C-PACE outside of Philadelphia, please visit pennsylvaniacpace.org.