Utah has a statewide C-PACE program for commercial property seeking to use clean energy. C-PACE stands for Commercial Property Assessed Clean Energy. This program covers the full cost of the project and is a low-cost, and a long-term option for financing for energy efficiency.
There are 7 benefits of C-PACE
- Your property will be upgraded and grow the local economy and create jobs
- For the term of the loan there is a fixed interest rate
- No money down is required for 100 percent upfront financing
- No change in water and energy rates
- Operating costs reduced on day one
- Increase in property value
- Financing can be repaid directly or as a property tax assessment for up to 30 years
Through the C-PACE program your commercial business will increase its bottom line and lower your energy costs. With the PACE program helping you with financing on your solar panels for your commercial property, you will see your energy rates decline.
At Solar Panels Simplified, we can help you with C-PACE and put you in contact with a C-PACE representative that can help you finance your solar system for your commercial property. Call us today! 801.88.5560