Property Eligibility

There are a wide variety of property types that are eligible for C-PACE Financing such as:

  • Office
  • Retail
  • Warehouse
  • Industrial
  • Data centers
  • Hotels and motels
  • Conference facilities
  • Healthcare and labs
  • Private educational facilities
  • Agricultural facilities
  • Sports and entertainment
  • Multifamily residential (five or more units)

In addition, facilities that can receive assessments on their properties such as non-profit, educational, and religious institutions are eligible.

In Virginia, single-family residential, multifamily residential (less than five units), and condominiums are not eligible.

Project Eligibility

To be eligible for C-PACE Financing, all energy conservation measures (ECMs) must be permanently affixed to the property. C-PACE projects can vary from a single measure ECM such as LED lighting upgrades to whole building multi-measure projects. Examples of multi-measure projects include upgrades to the building envelope, HVAC equipment, building automation controls, water fixtures and installation of renewable energy systems such as solar PV.

Below are some examples of the more commonly installed ECMs in commercial buildings:

Energy Efficiency
  • Lighting upgrades
  • HVAC equipment
  • Building controls
  • Building envelope
  • Elevator/escalator upgrades
  • Hot water heaters
  • Energy recovery systems
  • Pool pumps
Water Conservation
  • Water conserving fixtures
  • Gray water systems
  • Cooling tower water recovery
  • Water meters
  • Process water use reduction
  • Irrigation control system
  • Rain harvesting system
  • Efficient hot water boilers
Renewable Energy
  • Solar Thermal hot water system
  • Photovoltaic (PV) systems
  • Battery storage with PV
  • Biomass technologies
  • Cogeneration (CHP)
  • Fuel Cells
  • Wind turbines
  • E.V. charging stations

Much more information about common eligible improvements is available in Appendix B of the VA C-PACE Program Guidelines.

Download Appendix B

If your project contains measures that are not included, VPA will review the proposed ECM(s) and approve them on a case-by-case basis.

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