Existing Building Retrofit Projects
The Henderson C-PACE program requires that each proposed project undergoes third-party technical review and eligibility approval by the program administrator. Final project eligibility determination will be subject to the program administrator’s review of the applicant’s energy audit/renewable energy feasibility study and compliance with the terms and conditions as described in the Program Guide, Project Technical Standards and Review section.
Upon completion of its technical review as defined in the Program Guide the program administrator will issue a project eligibility report.Back to Top
New Construction Projects
Given the lack of a pre-improvement energy baseline against which to measure energy savings and the difficulty of isolating and assigning portions of the new construction costs to particular energy savings, the traditional methodology for existing building retrofit projects to compare projected savings against a baseline is not applicable for new construction projects.
Therefore, the Henderson C-PACE program requires an alternative quality assurance method for each proposed new construction project. Such methodology, as described in the Program Guide, New Construction section, serves as the basis for the program administrator’s third-party technical review, eligibility approval, and determination of the amount of allowable C-PACE financing.
Upon completion of its technical review, the purpose of which is to validate that the building’s as-designed modeled energy performance (submitted by a C-PACE registered project developer) will meet or exceed the Henderson energy code requirements (IECC 2018/ASHRAE 90.1-2016), the program administrator will issue a project eligibility report. Such report will determine the eligible C-PACE finance amount, up to a maximum of 35% of the fair market value of the building “as stabilized,” as determined by an Appraiser.Back to Top