C-PACE provides long-term, fixed-rate financing for building upgrades in commercial and industrial properties. By financing with C-PACE, businesses can reduce upfront capital needs and support projects with strong long-term cash flow. Benefits include: finance up to 100% of project hard and soft costs; no personal guarantees; long-term financing (up to 25 years); lower utility bills; owner retains tax incentives; works with utility incentives; and assessment-based repayment that can transfer on sale (subject to program terms).
$80M+
Facilitated financing
RIIB impact overview FY2016–21 ($84M); later years higher
30+
Projects
Conservative vs 32 projects through FY2021
28+
RI communities
Opt-in municipalities
100%
Financing (typical cap)
Hard + soft costs
Ready to apply
Assists commercial, industrial, and non-profit organizations financing clean energy projects.
Not sure this is the right form? Check eligibility or browse all application forms.
Commercial and industrial property owners in communities that have opted into C-PACE, including office, manufacturing, agricultural, non-profit, and multifamily (5+ units) properties. Both existing properties and new construction may be eligible.
Project types include, but are not limited to: energy efficiency, renewable energy, water conservation, alternative fuel infrastructure (e.g., EV charging), and environmental health and safety projects (e.g., asbestos or lead abatement).
Work with RIIB and an approved capital provider; meet program guidelines, property eligibility, and community opt-in status. Contractors should follow program registration and approval requirements.
The following communities have opted into C-PACE:
RIIB sponsors and administers the C-PACE program in RI. Project financing is provided by our approved Capital Providers, listed below:
Partner Pascoag Utility District Challenge: Pascoag Utility District supplies power to approximately 5,000 customers in Northern Rhode Island. During peak summer months, high electricity demand was putting the facility a
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Partner Cogent Capital Challenge: The Eddy Street Self Storage facility is a 155,850-SF warehouse and storage facility in Providence, Rhode Island. Buildings of this size and type are typically large energy consumers; th
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Partner Cogent Capital Challenge: The Eddy Street Self Storage facility is a 155,850-sf warehouse and storage facility in Providence, Rhode Island. Buildings of this size and type are typically large energy consumers; th
Read storyConfirm your property is in an eligible community, then work with program staff and a capital provider to scope, underwrite, and close.
Confirm your improvement type is eligible: efficiency, renewable energy, water conservation, alternative fuel infrastructure, and certain health/safety projects, among others described in program guidelines.
Confirm the property type (e.g., office, industrial, multifamily 5+) and that the municipality has opted in to C-PACE.
RIIB administers the program; financing is provided by approved capital providers. Use the contractor and capital provider resources to complete your project path.
Financing is provided by approved C-PACE capital providers. See the full list under C-PACE Capital Providers in Eligibility.
Municipal and quasi-public energy efficiency and renewable energy projects.
Public and private borrowers, including higher-upfront emerging technologies.
Director, Commercial Clean Energy Services
For more information about C-PACE, please contact:
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