The Commercial Property Assessed Clean Energy (CPACE) program helps commercial business owners pay for solar and energy storage upgrades by providing 100% financing and long-term repayment options.
This program allows property owners to avoid draining working capital, all while giving them the flexibility to pay back the financing over a term that coincides with the life of the upgrades or incentive programs.
CPACE is a special assessment that attaches to the property where the improvements are being completed and is repaid on the same schedule as typical property taxes. Since the assessment attaches to the property itself, if the business owner were to sell the property, the assessment would remain on the property and the new owner would assume payments.
*CPACE is not available in every state. For program availability, go here: pacenation.org/pace-programs
The federal government allows business owners to obtain a tax credit based on the total system cost. Depending on the year, credit can range from 30% to 10%. This credit can be carried back 1-year or carried forward for 20 years.
The federal government allows business owners to write off the total system cost, less 50% of the received ITC. Under BONUS depreciation the depreciation can be taken all in Year-1 and under MACRS, over the 5-year schedule.
Some states have cash payment and on-bill credit incentives to further reduce the costs of solar. SolBid will ensure that all Incentives, both federal and state, have been identified for each project and are provided in the financial analysis.
For agricultural or businesses that are in rural areas and meet the USDA Small Business classification
Best option for any entity with the capital budget and the tax appetite to monetize the tax credits
Best option for any entity wanting to leverage short-term capital to remove the upfront capital burden
Best option for a For-Profit entity with little to no tax appetite
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