Colorado’s Commercial Property Assessed Clean Energy (C-PACE) program presents a unique financing opportunity for property owners and developers. Energy-efficient improvements, renewable energy projects, water conservation initiatives, and other energy-focused projects made on new construction and existing structures may qualify for secured, nonrecourse financing administered through a special assessment and lien placed on the property. The improvements are designed to improve a building’s energy efficiency, thus reducing operating costs.
Although Colorado’s C-PACE program presents opportunity for property owners and developers, the income tax accounting implications are uncertain. Learn more at Colorado Real Estate Journal.