C-PACE PROGRAM OVERVIEW

Looking for the best way to improve your building performance, without the traditional cash outlay?

Colorado Commercial Property Assessed Clean Energy (C-PACE) has finally arrived in our city and is the answer to your needs. This nationally recognized program is now available here in El Paso County. The best news, you can finance 100% of the hard and soft costs of energy efficiency, renewable energy and water conservation eligible improvements at a low interest rate, that allows for the loan payment to be equal to the savings created, meaning there are no out of pocket costs!

ELIGIBLE IMPROVEMENTS INCLUDE Any expense that will accomplish the following:

1. Save Energy or Water
2. Create Renewable Energy

These improvements can be financed with a special loan that will become a part of the property tax bill on your property, and stay with the property until paid off, even if you sell. If desired the buyer may pay off the loan. This loan can also be used for new properties under construction, as part of your overall capital stack. There are already many local lenders that participate in the program. View the list is on the website. 

Click her for an overview of the program: https://copace.com/building-owners/owners-how-we-help/

Olive Real Estate Group has been discussing this program with the El Paso County Commissioner for the last several years, and after many meetings, reviews, and discussions, it has finally arrived.

Full details of how the program works can be found at the flowing website:  https://copace.com/

Need more details or information on what to do to get started on your property? 

Contact David Hewett at dhewett@olivereg.com or 719-598-3000 and he will help you work through the process.