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IFA Commercial PACE (C-PACE) Financing Program
Illinois — state programup to 100% of all project and closing costs; up to 25% of the value of the propertyDeadline: rolling
The Illinois Finance Authority PACE Program provides Commercial Property Assessed Clean Energy (C-PACE) financing for eligible improvements on privately-owned commercial, industrial, non-residential agricultural, multi-family (5+ units), or non-profit properties. Funds can be used for energy efficiency, renewable energy, resiliency, water use improvements, and EV charging stations, for both new construction and renovation projects. Financing is non-recourse, assignable upon property transfer, and does not accelerate upon default.
Program details
- Type
- loan
- Amount
- up to 100% of all project and closing costs; up to 25% of the value of the property
- Deadline
- rolling
- Eligibility
- Record owners and developers of privately-owned commercial, industrial, non-residential agricultural, or multi-family (5 or more units) properties, or properties owned by a not-for-profit, located within an IFA PACE Program county or municipality in Illinois. Eligible improvements must be affixed to the property and intended for energy efficiency, renewable energy, resiliency, water use, or EV charging.
- Status
- open
- Administrator
- Illinois Finance Authority (IFA) / C-PACE Open Market Initiative
Source: Illinois — state program. Confirm current terms with the administering agency before applying.