CT Green Bank Offers New Flexible Payment Options for Commercial Energy Upgrade Loans
The Connecticut Green Bank is offering flexible repayment options to new borrowers who use its Commercial Property Assessed Clean Energy (C-PACE) financing to make energy-saving improvements. C-PACE is an innovative program that helps commercial, industrial, and non-profit property owners access affordable, long-term financing for qualifying energy efficiency and renewable energy upgrades. The projects are repaid through a voluntary assessment on the building owner’s property tax bill. The Green Bank has designed these new repayment options in order to provide relief to property owners impacted by COVID-19. The repayment options will provide borrowers with immediately increased cashflow by significantly reducing operating expenses in the near term and deferring all or a portion of payments until later. Building owners will also enjoy…
