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C-PACE Retrofit Financing
Connecticut — state programup to 100% of costsDeadline: rolling
Commercial Property Assessed Clean Energy (C-PACE) retrofit financing allows Connecticut commercial building owners to install green energy upgrades—such as solar panels, lighting, HVAC, insulation, EV charging infrastructure, and more—and pay for them over time through a voluntary benefit assessment placed on the property. Financing covers up to 100% of upfront costs at low-interest rates, with repayment terms up to 25 years, structured to be cash-flow positive in year one.
Program details
- Type
- loan
- Amount
- up to 100% of costs
- Deadline
- rolling
- Eligibility
- Connecticut commercial building owners whose projects: complete an energy audit or feasibility study; include upgrades that lower energy consumption or produce clean energy and are permanently affixed to the property; meet a Savings to Investment Ratio (SIR) greater than 1 (EV charging infrastructure is exempt from SIR requirements); and have assessment terms not exceeding the weighted average expected useful life of the measures or 25 years (unless approved in writing by the Green Bank).
- Status
- open
- Administrator
- CT Green Bank
Source: Connecticut — state program. Confirm current terms with the administering agency before applying.