$5B+

Transaction Experience

40+

Active State Programs

All

Asset Types Covered

Direct

Balance Sheet Lender

Current Rates

As of May 14, 2025

C-PACE Financing Solutions

Structured to Optimize Your Capital Stack

C-PACE sits senior to all debt except real estate taxes as a line item on the property tax bill. Non-recourse, fixed-rate, fully amortizing.

New Construction

Fund up to 100% of eligible energy-efficient and resiliency components in ground-up development, reducing the need for costlier equity, mezzanine, or preferred equity capital.

Value-Add / Retrofit

Non-recourse, fixed-rate solution to finance capital improvements in existing buildings, boosting performance while preserving senior debt covenants.

Refinance / Reimbursement

Retroactively reimburse completed qualifying improvements, converting sunk costs into low-cost, long-term financing that recapitalizes your balance sheet.

Eligible Improvements

C-PACE Use Cases

Significantly lower commercial real estate operational expenses with strategic C-PACE funding for advanced energy efficiency and sustainable renewable energy investments.

Achieve immediate savings with C-PACE equipment financing options tailored to match the lifespan of your assets, optimizing your commercial real estate debt management.

Upgrade outdated infrastructure with cost-effective, efficient solutions and flexible C-PACE financing to streamline and enhance your commercial real estate debt strategy.

Tenants can participate in the cost and enjoy the advantages of improvements financed through C-PACE, fostering a sustainable, cost-efficient environment.

Enhance Net Operating Income and property appeal by integrating energy-efficient and renewable energy systems, financed through C-PACE for commercial real estate debt optimization.

Boost property NOI and attract more buyers or tenants by upgrading to efficient, C-PACE-financed renewable energy infrastructure, improving your debt profile.

Energy Savings

Lower Operating Expenses

Strategic C-PACE funding for advanced energy efficiency and sustainable renewable energy investments that drive real NOI improvement.

Cash Flow

Optimize Debt Service

C-PACE equipment financing tailored to asset lifespan, optimizing your overall debt management and cash flow profile.
Equipment

Modernize Infrastructure

Replace outdated systems with cost-effective, efficient solutions financed through flexible C-PACE structures.
Pass-Through

Tenant Participation

Structure improvement costs as pass-through expenses, aligning tenant and landlord incentives.
Valuation

Drive NOI Growth

Energy-efficient systems financed through C-PACE enhance NOI and market appeal, driving cap rate compression.
Capital Preservation

Redeploy Equity

Preserve sponsor equity by shifting eligible improvement costs to low-cost, non-recourse C-PACE financing.
Nationwide Coverage

Active C-PACE State Programs

PACE-enabling legislation is active in 40 states plus D.C. Click your state to explore programs in your area.
Active CPACE
Inactive
C-PACE Economic Impact

Building Sustainable Value at Scale

68K+

Job-Years Created

$9B+

Economic Impact

$7B+

Dollars Invested

3K+

Projects Completed

Get Started

Get C-PACE for Your Project

Connect with a Clearwater PACE investment professional to discuss your financing requirements and receive a preliminary term sheet.

Submit a Financing Request

We’ll respond within 24 hours with preliminary terms.