Origin Story

C-Pace Origin - Commercial Building

C-PACE Alliance Origin

As more state and local governments embrace C-PACE financing, industry stakeholders are often asked:

  • How does a C-PACE Program translate policy into a successful program?
  • What are the lessons learned from the variety of C-PACE program designs?
  • How can the industry make C-PACE easy-to-use while maintaining quality compliance?

C-PACE capital providers and service providers (such as attorneys and accountants) are situated with a nationwide view on the range of C-PACE programs.  As they do business in different jurisdictions, capital providers and service providers have a close, first-hand experience with each program, from inception to closing.  Although local program processes and requirements vary, they must all be satisfied before investors and their advisors can complete a transaction.

After many states and localities asked similar questions, a working group of capital providers published  Elements of a Well-Designed C-PACE Statute and Program to Attract Private Capital and Foster Transaction Volume in 2018.

The positive reception to the white paper led to the idea of the C-PACE Alliance, a business association dedicated to achieving the public benefits of C-PACE by increasing the volume of quality C-PACE transactions.