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Commercial Property Assessed Clean Energy (C-PACE)
Utah — state programup to 100% cost recovery (existing buildings); up to 35% cost recovery (new buildings); financing of up to 30 years available
C-PACE is a financing tool that helps new and existing commercial buildings offset the cost of energy efficiency, water efficiency, resiliency, seismic improvements, and renewable energy projects. It offers low, stable interest rates with long-term non-recourse financing of up to 30 years. Existing buildings are eligible for up to 100% cost recovery and new buildings for up to 35% cost recovery.
Program details
- Type
- loan
- Amount
- up to 100% cost recovery (existing buildings); up to 35% cost recovery (new buildings); financing of up to 30 years available
- Eligibility
- New and existing commercial buildings including agricultural, industrial manufacturing, retail, multifamily residential, non-profits, offices, and more
- Status
- open
- Administrator
- Utah Office of Energy Development (OED) / Sustainable Real Estate Solutions (SRS)
Source: Utah — state program. Confirm current terms with the administering agency before applying.