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Combined Heat and Power Partnership

Connecticut PACE (C-PACE)

dCHPP Glossary (PDF) (2 pp, 53K)

Date Last Updated5/15/2013
Incentive TypeCommercial PACE; Loan
State/FederalCT
Incentive Administrator/Contact OfficeConnecticut Clean Energy Finance and Investment Authority
Incentive Initiation Date10/1/2012
Incentive Size and Funding SourceC-PACE allows property owners to access 100% upfront, long term financing for energy efficiency and clean energy improvements on their properties through a special assessment on the property tax bill, which is repaid over a period of years (up to 20 years). Although there is no financing minimum, C-PACE is best suited for capital improvements over $150,000.
Eligible RecipientCommercial, industrial or multifamily (defined as 5 or more dwelling units) property owners are eligible. Interested property owners must be located in a participating municipality.
Eligible FuelDoes Not Specify
Eligible Project Size (MW)Does Not Specify
Minimum Efficiency Required (%)Does Not Specify
Other Selected Eligibility CriteriaCHP is categorized as an eligible energy conservation measure, specifically recommended to industrial facilities for peak shaving. To qualify, CHP projects must result in an energy savings-to-investment ratio greater than 1 over the lifetime of the assessment term and be permanently affixed to the building or property.
Application Form(s)Application Page
Other Incentive DetailsConnecticut's C-PACE program is "owner-arranged," meaning the property owner contracts directly with a private capital provider to obtain financing.
Resource Website(s) http://www.c-pace.com exit EPA

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