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Eligible Properties and Improvements

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Eligible Properties

Properties eligible for C-PACE financing must meet two requirements. The building must be located within the legal boundaries of the city of Henderson and have one of the following uses:

  • Commercial
  • Industrial
  • Multifamily (with 5 or more units)

New construction is also eligible for C-PACE financing.

Eligible Improvements

Improvements that are eligible for C-PACE financing must be permanently affixed to the commercial or industrial property. Examples include, but are not limited to:

  • Automated building controls (such as BMS and EMS)
  • Boilers, chillers, and furnaces
  • Building envelope (such as insulation, glazing, windows)
  • Combined heat and power (CHP) systems
  • Fuel cells
  • Geothermal systems
  • High-efficiency lighting
  • Hot water systems
  • HVAC upgrades
  • Hydroelectric systems
  • Roof replacement that improves energy efficiency (reflective/cool roof, enhanced insulation, or combined with a solar system installation)
  • Small wind systems
  • Solar photovoltaic (roof upgrade/replacement for rooftop systems is also eligible)
  • Solar thermal
  • Variable speed drives on motors, pumps, and fans
  • Waste heat recovery technologies

In addition, the cost of improvements that are directly related to the installation of eligible improvements may be included in the financing, e.g. roof upgrades to support a roof-mounted solar PV installation.

This list is not all-inclusive and is expected to change over time. If a proposed improvement or expense is not on this list, contact the program administrator with a description of the improvement or expense for consideration.

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C-PACE Program Administrator
Brian McCarter
Chief Executive Officer
Sustainable Real Estate Solutions, Inc.

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