The state of Colorado is launching an exciting new program to make it easier to finance solar installations on commercial properties. The statewide commercial Property Assessed Clean Energy (C-PACE) program will allow property owners the opportunity to spread project costs over a term of up to 20 years, and repay them through an assessment on their property tax bill, with no upfront capital outlay.
Sustainable Real Estate Solutions (SRS) was competitively selected as the Colorado C-PACE administrator and will oversee an open, competitive lending model that makes it possible for a wide variety of capital providers to participate. All projects will be financed entirely with private funds. Projects must be located in counties that have opted to participate in the program. Boulder County has opted-in, and several other counties around the state already have indicated that they plan to participate. County commissioners must pass a resolution of support. For more information or to apply for C-PACE financing, visit the Colorado C-PACE website at www.COPACE.com