Arkansas C-PACE Program (Commercial Property Assessed Capital Expenditures)

A financing mechanism authorized by Arkansas Act 579 (2025) that enables commercial, industrial, nonprofit, and multifamily property owners to fund energy efficiency, renewable energy, water conservation, and resiliency improvements. 100% of project costs can be financed with long-term, fixed-rate capital, repaid through a voluntary special assessment on the property's tax bill. For smaller projects in Central Arkansas, AAEF offers capital through a revolving loan fund seeded with $2.8 million from the EPA's Climate Pollution Reduction Grant; for larger projects statewide, AAEF connects owners with local or national lenders.