C-PACE enables owners of eligible commercial and industrial buildings to finance up to 100% of energy efficiency, renewable energy and water conservation eligible improvements. Financing is provided by private capital providers, including Region 9, at competitive rates with repayment terms up to 25 years.
Completion of an energy assessment describing the improvements to be financed and the payback calculations is required. For more information visit Colorado C-PACE.
Loans start at $1,000 and can go as high as $100,000.
At this time, La Plata County and Montezuma County businesses are eligible for the Colorado C-PACE program.
C-PACE financing repayment is facilitated through the County property tax assessment process. A voluntary assessment (similar to a sewer district assessment) is placed on the building owner's property tax bill. The assessment is repaid over the financing term and the annual energy cost savings will, in most cases, exceed the annual assessment payment, thereby enabling capital intensive equipment upgrades. Because the C-PACE debt obligation runs with the property, the assessment can transfer to the next owner when the property is sold.
Energy, Renewable, and Water Conservation Improvements
A more complete list of projects can be found at C-PACE
Please contact our Business Loan Officer Jenny Stollar, at (970) 247-9621 or Email her.