Commercial Property Assessed Clean Energy (C-PACE) Grant

Commercial Property Assessed Clean Energy (C-PACE) is a Colorado financing program that helps property owners finance clean energy and other eligible building improvements. The program is designed for owners of commercial, industrial, multifamily, agricultural, and eligible nonprofit properties. Colorado C-PACE is administered by the Colorado New Energy Improvement District (NEID), which is responsible for establishing, developing, implementing, and administering the program. NEID is governed by a Board of Directors that includes the Colorado Energy Office Director or designee and six governor-appointed members representing experience in energy efficiency, renewable energy, commercial real estate development, banking and finance, and the utility industry. As of 2026, Colorado C-PACE had helped finance 151 projects in 39 Colorado counties and facilitated $443 million in private-sector investment in clean energy improvements. C-PACE financing may cover up to 100 percent of the cost of eligible projects. Eligible uses identified by the program include energy audits and renewable energy feasibility studies, energy efficiency improvements, renewable energy improvements, water conservation improvements, and resilience measures. Financing may be used for both existing buildings and newly constructed buildings. The program is intended to make investments in newer and cleaner technologies more cost efficient for property owners by allowing eligible project costs to be financed over a longer period than may be available through traditional debt financing. C-PACE financing is repaid through a voluntary special assessment, or lien, on the property owner's property tax bill. The lien attaches to the property and transfers with ownership. Owners may select long-term financing for up to 20 years and may finance as much as 100 percent of eligible improvement costs. Property owners may arrange financing directly with one of the program's capital providers or secure their own capital provider to purchase the Colorado C-PACE lien. The provided information does not state a required matching contribution or cost share from the property owner beyond the financing and repayment structure. Eligible property types include commercial, industrial, agricultural, nonprofit, and multifamily properties with five units or more. The source describes C-PACE as a Colorado program and provides resources for identifying participating Colorado counties. The provided material does not state that every Colorado county participates, and therefore property owners should use the program's participating-county resources to determine geographic availability. The source does not provide additional applicant eligibility requirements, minimum project sizes, organizational revenue requirements, or similar qualification criteria. The PACE Express program, launched in 2024, provides a streamlined pathway for small C-PACE projects to access a below-market interest rate in collaboration with a dedicated banking partner. PACE Express projects must include energy efficiency as a primary measure. They may also finance renewable energy and water conservation measures. PACE Express financing is capped at $500,000. This amount is specifically identified for the PACE Express pathway and is not stated as the maximum financing amount for the overall Colorado C-PACE program. The supplied information does not provide an application opening date, final application deadline, pre-application deadline, recurring deadline, required application questions, submission portal instructions, evaluation criteria, award notification schedule, or a fixed number of projects that will receive financing. It therefore does not support creation of specific application dates or required submission documents. For questions or additional program information, the source identifies Eric Cowan, Project Manager, at eric.cowan@state.co.us, and Michael Turner, New Energy Improvement District Chair, at michael.a.turner@state.co.us. No telephone number or direct PDF application or solicitation URL is supplied in the provided material.

Confirm that the property and proposed improvements meet C-PACE eligibility requirements. For PACE Express, include energy efficiency as a primary measure; renewable energy and water conservation may also be financed.