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  • Writer's pictureMarkus Virta

C-PACER: Washington's new Clean Energy Financing Innovation

CPACER (Commercial Property Assessed Clean Energy financing) is a financing mechanism that allows commercial property owners to obtain funding for energy efficiency, renewable energy, and water conservation upgrades to their properties. Some of the benefits of CPACER financing include:

  1. No upfront costs: CPACER financing provides upfront funding for energy efficiency upgrades, which means that commercial property owners don't have to pay for the upgrades out of pocket.

  2. Long-term financing: CPACER financing typically offers long-term financing, with repayment terms of up to 20-30 years. This allows commercial property owners to spread out the cost of upgrades over a longer period of time.

  3. Energy cost savings: Onsite solar, storage, and energy efficiency upgrades can help to reduce energy consumption, which can lead to lower energy bills for commercial property owners.

  4. Increased property value: Onsite solar, storage, and energy efficiency upgrades can also increase the value of a commercial property, making it more attractive to potential buyers or tenants.

  5. Environmental benefits: By reducing energy consumption, energy efficiency upgrades can also help to reduce greenhouse gas emissions and mitigate the impact of climate change.

  6. Better tenant experience: Upgrades such as improved lighting and temperature control systems can also improve the comfort and well-being of building occupants, leading to better tenant satisfaction and retention.

Overall, CPACER financing provides a convenient and cost-effective way for commercial property owners to improve their buildings' energy efficiency and sustainability, while also benefiting from lower energy costs, increased property value, and a better tenant experience.

Shift Zero is a fantastic local non-profit that spearheaded bringing C-PACER to Washington State. Their landing page on this subject is an excellent resource:

Interested in learning more about how C-PACER could help to support your clean energy project? Let's keep the conversation going! Click here to get in touch.

- Markus and Callum


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