New Mexico C-PACE Approved!

July 5th 2024

Welcome to C-PACE Weekly, your go-to source for the latest insights, updates, and opportunities in the C-PACE industry. Anyway, on to a big week in C-PACE news!

Bernalillo County and Albuquerque approve green finance program

According to the state's Economic Development Department, Bernalillo County and Albuquerque are the first local governments in New Mexico to pass legislation opting into the New Mexico C-PACE program.

New Mexico adopted the C-PACE (Commercial Property Assessed Clean Energy) program in 2023 to help eligible property owners receive long-term financing for many energy-efficient and climate-resilient improvements.

Read more here.

A note from CEO & Founder of Petros PACE Finance.

Just this year we cracked the code and can now offer C-PACE for condominiums—a breakthrough in our business that wouldn’t have happened unless we were consistently pushing to be better.

Read more here.

Downtown Hotel Project Lands $4M in C-PACE Funding

The Burg Hotel under construction on South King Street isn’t just groundbreaking for its vision of bringing a hotel use downtown after a half-century; it also is Loudoun County’s first development to qualify for C-PACE funding.

Read more here.

New Hampshire: Commercial Solar Financing + Government Incentives

C-PACE financing lets commercial property owners fund energy efficiency and clean energy improvements through a voluntary property tax assessment. State or local governments provide the funding, which is repaid over a long period, usually matching the system’s lifespan. 

Read more here, as well as Wisconsin Solar Financing.

Velliv invests €94m in Nuveen private equity impact fund

Velliv invested in Nuveen’s first such fund back in 2020 — a fund which Nuveen said today had won more than $200m of investor capital, in turn investing in eight global businesses. The most recent had been in US clean energy technology platform and community solar servicer Perch Energy, which was aiming to expand access to renewable energy, Nuveen said.

Read more here. 

Have a story we missed? Drop us a note → [email protected]

About C-PACE.COM

Want C-PACE financing for your project? Fill Out This Form Here. 

C-PACE.COM was founded by investment professionals with meaningful experience in real estate investment banking, private credit, private equity, and development. Through C-PACE Financing, we seek to reduce the carbon footprint created by commercial real estate and generate superior risk-adjusted returns for our clients.

At C-PACE.COM, we are the #1 Trusted Source for C-PACE loans and actively lend across all asset types and geographies in the U.S.

If you have any questions regarding C-PACE or want to discuss your project further, drop us a line → [email protected].

Cheers,
Jonathan Seabolt
Founder & CEO
C-PACE.COM