Eligibility

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.