CFT Energy Savings Solutions Now Offers Affordable Long-Term Financing for Energy, Water, and Renewable Projects for Commercial Property Owners
Tennessee C-PACE Program: A Game Changer for Commercial Property Owners
CFT Energy Savings Solutions is excited to announce the availability of affordable long-term financing for energy efficiency, water conservation, and renewable energy projects through the Tennessee C-PACE (Commercial Property Assessed Clean Energy) program. This initiative is designed to help commercial property owners and developers access the capital needed to make significant energy-related upgrades and support new construction costs with ease.
C-PACE Status: Enabled & Active
The C-PACE program is now fully operational in Tennessee, providing a unique opportunity for commercial property owners to make deferred maintenance upgrades and implement renewable energy solutions without the burden of upfront costs.
How Does C-PACE Work?
C-PACE financing offers a low-cost, long-term solution for commercial property owners to fund energy efficiency, water conservation, and renewable energy projects. Here’s how it works:
- State-Level Policy: The program begins with a state government policy that recognizes clean energy upgrades as a public benefit, similar to essential infrastructure projects like new sewers, water lines, or roads.
- No Money Down: Property owners can finance these upgrades with no initial out-of-pocket expenses.
- Repayment through Property Tax Bill: The financing is repaid through a benefit assessment on the property tax bill over a term that aligns with the useful life of the improvements or new construction infrastructure, typically 20-30 years.
- Transferable Assessments: The assessment is transferable upon the sale of the property and can be passed through to tenants when appropriate.
Benefits of C-PACE Financing
- Sustainability: The program supports sustainability efforts by making it easier and more cost-effective for property owners to implement green solutions.
- Cost Reduction: Property owners can reduce their annual operating costs significantly.
- Better-than-Market Financing: C-PACE provides dramatically better financing terms compared to traditional market options, especially for green new construction projects.
At CFT Energy Savings Solutions, we are committed to helping commercial property owners make impactful energy upgrades that benefit both the environment and their bottom line. With C-PACE, you can now achieve these goals with ease and financial efficiency.
For more information on how CFT Energy Savings Solutions can help you take advantage of the Tennessee C-PACE program, visit our website or contact us directly. Let’s make your commercial property more energy-efficient and sustainable today!
Submit A Financing Request Today!
Submit A Financing Request Today!
