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Commercial PACE for Affordable Multifamily Housing

C-PACE is a financing structure that enables owners of commercial, industrial and multifamily residential properties to obtain affordable, long-term funds for 100% of the cost of energy and water efficiency retrofits (as well as for distributed generation investments). 

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On-bill financing programs are a promising way for utilities to help their customers invest in energy efficiency improvements, such as upgrading to a high-efficiency air conditioner or adding insulation.

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These benefits include increased investments in energy efficiency, improved access to energy consumption data, and debt forgiveness for low-income utility customers. The Order requires Exelon to provide $57 million for investments in efficiency and clean energy.

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