Illinois PACE Programs

  • Program Name: Commercial Property Assessed Clean Energy
  • Administrator: Varies
  • Program Summary: C-PACE is a financing program that provides long-term, fixed-rate financing to building owners for renewable energy, energy efficiency, water efficiency, and resiliency projects. C-PACE is secured through an assessment lien on the property and is repaid over time as a line item on the property tax bill. If the building changes ownership during the payback period, C-PACE does not accelerate or become due. Rather, payments transfer to the new owner. Building owners work directly with private sector lenders to provide up-front costs for projects.

  • Applicable Building Size: Any
  • Eligible Projects: Energy Efficiency, Water Efficiency, Renewable Energy, EV Charging, Water Use Improvements, Resiliency Improvements

  • Funding: Up to 100% of project costs. Financed amount may not be less than $100,000.
  • Process:
  • Determine Eligibility – some programs may require a pre-application
  • Project Development
  • Secure Financing with a capital provider/ lender
  • Complete contract with capital provider and program administrator/ locality
  • Loan funding and project execution
  • Repayment – financing is repaid semi-annually on property tax bills.


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