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Commercial Property Assessed Clean Energy (C-PACE)
Rhode Island — state programFinance up to 100% of project hard and soft costs
C-PACE provides long-term, fixed-rate financing for building upgrades in commercial and industrial properties in Rhode Island, covering energy efficiency, renewable energy, water conservation, alternative fuel infrastructure, and environmental health and safety projects. Financing covers up to 100% of project hard and soft costs with no personal guarantees, and repayment is structured as a property assessment. The program is administered by the Rhode Island Infrastructure Bank (RIIB) with project financing provided by approved Capital Providers.
Program details
- Type
- loan
- Amount
- Finance up to 100% of project hard and soft costs
- Eligibility
- Commercial and industrial properties in opted-in RI communities, including office buildings, manufacturing facilities, agricultural properties, non-profits, and multifamily (5+ units). Both existing properties and new construction projects are eligible. Project types include energy efficiency, renewable energy, water conservation, alternative fuel infrastructure (e.g., electric car charging stations), and environmental health and safety projects (e.g., asbestos or lead abatement).
- Status
- open
- Administrator
- Rhode Island Infrastructure Bank (RIIB)
Source: Rhode Island — state program. Confirm current terms with the administering agency before applying.