Capital Growth Technologies, Inc. Founder has over 50 years of experience in construction management.

As a project management company, CGT will provide the following services to the Office Building Renovation in compliance with C-PACE Funding guidelines.

 

C-PACE Financing is repaid alongside property taxes. C-PACE may be funded by private investors or government programs, but it is only available in states with enabling Legislation and active programs.

 

C-PACE (Commercial Property Assessed Clean Energy) C-PACE is a financing structure in which building owners borrow money for energy efficiency, renewable energy, or other projects and make repayments via an assessment on their property tax bill. The financing arrangement then remains with the property even if it is sold, facilitating long-term investments in building performance.

 

C-PACE offers long-term financing (10+ years) with lower monthly payments.The Parties involved in a C-PACE deal usually include:​

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• A Project Construction Manager ensuring the project is completed on time and in budget

• Project Construction Manager works with a PACE Administrator that managers the project and ensures adherence to program requirements

• A local government that collects the property tax assessment and remits payment to the capital provider(s) if necessary

• A contractor or energy services company (ESCO) that installs the equipment

• Building owner receiving the upgrades

• Private investors, bond holders, or a government to provide the capital

 

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The PACE Administrator will typically conduct marketing and sales to originate potential customers.

Before the financing is distributed, the projected must be approved by the PACE Administrator.

 

For properties with a mortgage, consent from the mortgage lender is usually required. Depending on state statute, capital for C-PACE projects may come from the government through reserve funds or bond issuances, from private investors, or a mix of the two.

 

Once the project is approved and financing is secured, the contractor (s) install the equipment, and the building owner (Customer) begins to realize energy savings.

 

The financing is then repaid in the form of an assessment on the building owner’s property tax bill over a period of typically 10-20 years. A PACE lien is also placed on the property.