April 18, 2025 - 12:21
Glenn Silva, a key figure in the C-PACE program, is transforming the way commercial property owners finance energy-efficient upgrades. The Commercial Property Assessed Clean Energy (C-PACE) initiative allows property owners to secure funding for sustainable improvements, which can significantly reduce energy costs and enhance property value.
Silva explains that the process is straightforward: property owners can borrow money to invest in energy-efficient technologies, such as solar panels, HVAC systems, and insulation. The unique aspect of C-PACE financing is that repayments are made through property tax bills, making it a manageable option for many. This innovative funding mechanism not only helps property owners save on energy expenses but also contributes to broader environmental goals by reducing carbon footprints.
As more businesses recognize the benefits of sustainability, programs like C-PACE are gaining traction. Silva’s insights shed light on how these financial tools are paving the way for a greener future in commercial real estate.
