Financing is no longer an obstacle in completing commercial building upgrades! C-PACE is a unique financing model that allows commercial and multi-family property owners to finance energy efficiency and renewable energy projects with no upfront costs. Thanks to recent  state legislation, C-PACE is now available for properties in Illinois.

SEDAC provides services to local governments with C-PACE programs and to the commercial property owners who participate in them.

What is C-PACE?

C-PACE (Commercial Property Assessed Clean Energy) allows commercial and multi-family building owners to obtain long-term fixed-rate financing for projects that enhance building energy efficiency, sustainability, or renewable energy. A beneficial assessment is attached to the building, and owners repay the project loans through their property tax bills.

Where is C-PACE available? 

Currently, C-PACE is only available in the following municipalities.  Contact your local C-PACE program to participate.

Webinar

We hosted a webinar on November 14 for attendees to learn about qualifying projects and how to participate in the Illinois C-PACE program. View the webinar recording here! Featured webinar speakers included:

  • Todd Rusk, Director, SEDAC
  • Brad Fletcher, Vice President, Illinois Finance Authority
  • Christopher Kane, Executive Director of Business Development and Origination, Hannon Armstrong Sustainable Real Estate
  • Paul Ellis, Director of Economic Development, Fairview Heights, IL

Get started

Contact SEDAC at info@sedac.org or 800.214.7954 to find out how we can help your local government or business take advantage of C-PACE.

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