Pace Learning Center

Companies and developers at the nexus of commercial real estate (CRE) and sustainability are all asking the same question: “What does the Inflation Reduction Act (IRA) mean for me?” CRE developers are well-positioned to save thousands of dollars annually while also benefiting the environment through the IRA.

Commercial Real Estate Developers are looking for new ways to reduce the capital costs associated with construction and development. Many are turning to C-PACE (Commercial Property Assessed Clean Energy) financing, which reduces their cost of capital while providing energy efficiencies for their projects.

Commercial Property Assessed Clean Energy (C-PACE) financing helps offset renovation and retrofit challenges by covering the cost of the building upgrades that breathe life back into an older building.

Facing current economic/market challenges of inflationary concerns with rising costs and rising rates caused mostly by supply chain issues have many CRE developers/sponsors in “unchartered territory.”

Owners, sponsors and developers are utilizing C-PACE financing’s efficient structure to enhance their project’s sustainability. However, as is typical with emerging financing mechanisms, mischaracterizations and misunderstandings about PACE and its implications remain.