C-PACE Finances 170-Unit Multifamily Development

Project Overview Closing Date: September 28, 2026 Somerset Station Phase II is a 146,000-square-foot, 170-unit multifamily building located adjacent to the 220-unit first phase of Somerset Station. The new development will feature 76 studios, 38 one-bedroom units, 56 two-bedroom units, and an on-site parking garage. PEA, Nuveen Green Capital, and Somerset Street Station LLC closed…

Solar Power Project Supplies 20% of City of Philadelphia’s Electricity

Project Overview The City of Philadelphia set a goal to power municipal facilities with 100% renewable electricity by 2030. PEA and the Office of Sustainability partnered to purchase 70 megawatts of power from the Adams Solar Project, supplying approximately 20% of the City’s municipal electricity needs. Adams Solar is the first City of Philadelphia project…

Philadelphia Upgrades 130,000 Streetlights to LEDs, Improving Safety and Lowering Costs

Project Overview PEA provided financing and project management of the Philly Streetlight Improvement Project (PSIP). From 2023-2026 Philadelphia’s 130,000 streetlights were upgraded to high-efficiency, longer-lasting LEDs. The project cut streetlight electricity use in half, reducing municipal carbon emissions more than any previous City initiative, while saving Streets Department resources otherwise spent repairing and maintaining older…

Family-Owned Business Goes Solar, Locks In Long-Term Savings

Project Overview Superior Commercial Kitchens is a multigenerational, family-owned business based in Bensalem. The company provides affordable, high-quality new and refurbished equipment for the Greater Philadelphia region’s restaurants and food service operators. To lower utility costs, Superior Commercial Kitchens turned to Solarize Greater Philadelphia and partnered with installer Superior Solar Design. A 34.5 kW solar…

Solar Powers Affordable Housing Development

Project Overview Habitat for Humanity Philadelphia turned to Solarize Philly for guidance on their first multifamily new-construction project in Philadelphia — and Habitat’s first in the city to include solar photovoltaic (PV) energy. Solarize Philly installer Exact Solar completed the 17.6-kW system, reducing homeowner electricity costs by as much as 75 percent. $1,000 Annual electricity…

“Total Eléctrico” Results in Health Benefits, Cost Savings

Project Overview After seven years without a functional heating system, Lesbia Cardenales worked through Built to Last to coordinate renovations across three programs, addressing mold contamination, broken plumbing, and a leaking roof. These repairs qualified Ms. Cardenlaes for a mini-split heat pump and water heater upgrade, among other renovations. $2,000 Annual electricity savings $1,500 Annual…

Life Sciences & Corporate Tower Refinances with C-PACE Capital

Project Overview Closing Date: December 19, 2025 In December 2025, PEA, Nuveen Green Capital, and Brandywine 3151 Market LP (Brandywine Realty Trust) closed on $87.3 million in C-PACE financing for 3151 Market Street. Located within Brandywine’s Schuylkill Yards master development, the nearly 490,000-square-foot facility was built to high-performance life sciences, laboratory, and corporate office standards.…

C-PACE Funds Construction of City’s Tallest Apartment Building

Project Overview Closing Date: November 5, 2025 Luxury multifamily tower Harper Square will rise 500 feet once constructed, making developer Pearl Properties’ planned tower at 113-19 S. 19th St the tallest apartment rental building in Philadelphia. PEA, Counterpointe Sustainable Real Estate (CounterpointeSRE), and property owners 19S Partners, LLC & 18 San Partners LLC (managed by…

C-PACE Supports Construction of New Multifamily Building in East Kensington

Project Overview Closing Date: July 20, 2026 Riverwards Group received $17.3 million in Philadelphia C-PACE financing from Nuveen Green Capital to support construction of a new 155-unit multifamily apartment building in Philadelphia’s East Kensington neighborhood. The six-story development at 2507 Almond Street will include high-efficiency heating, ventilation, and air conditioning (HVAC) and building envelope upgrades, among…