C-PACE allows building owners to overcome the barrier of financing energy efficiency and water conservation projects and in many cases, addresses the issue of split incentives for tenants. The advantages of C-PACE include:
- No money down: planning, audit, and construction costs can be included in the C-PACE financing
- Long-term financing: up to 20 years so savings offset the assessment
- Off-balance sheet financing
- Increased property value
- Assessment transfers to new owner upon sale
- Assessment may be passed to tenants who pay utility bills