In March of 2022, PACE Equity launched CIRRUS Low Carbon to encourage improvements in building designs that push beyond current building codes to a higher level of energy efficiency. The offering, available exclusively from PACE Equity, rewards developers/owners with a significant rate reduction if they design their new construction, redevelopment or major renovation project in a manner that meets a lower carbon design specification. Early results show that the program can incentivize developers to push beyond the required local building code to build better buildings and improve their carbon impact. First three CIRRUS Low Carbon projects closed in 2022.
“The CIRRUS Low Carbon specification was clear and achievable. The lower rate made CIRRUS Low Carbon absolutely the right thing to do.” – Shawn Neece, Principal, Renew Partners