C-PACE programs encourage and incentivize the integration of energy-saving and renewable infrastructure in the built environment through long-term low-cost financing. Traditionally PACE financing is accessed for retrofits and new construction, but the development stage of a project isn't limited to future work. PACE financing can be applied to completed and mid-construction projects, which makes it an extremely useful tool for projects that are experiencing cost overruns such as those experiencing delays and increased costs due to the COVID-19 public health crisis.
