Property Assessed Clean Energy (PACE) is an innovative model for financing energy efficiency, renewable energy, or water conservation properties in commercial and residential properties. This case study provides an overview of Connecticut’s statewide commercial financing program, the Connecticut C-PACE program, which has achieved $130.4 million total closed project financing, with an average loan amount of $546,000 and 239 closed projects.
This resource is part of the City Energy Project Resource Library. Launched in 2019, the library is the culmination of 6+ years of work on the ground in 20 U.S. cities to reduce energy use in large buildings. The City Energy Project is a joint project of IMT and the Natural Resources Defense Council (NRDC). For more information, visit www.cityenergyproject.org.