Energy Efficiency Contractors
Read how C-PACE can help boost your close ratio!
Colorado C-PACE for Energy Efficiency Contractors
What if you could propose projects with the following benefits:- Require no owner out-of-pocket expense
- Generate immediate positive cash flow
- Overcome a self-funding building owner’s typical objections:
- Short-term payback criteria
- “If it ain’t broke, don’t fix it”
- Energy costs: Decreased
- Building cash flow: Increased
- Technical projections: Confirmed by an independent 3rd party
- Financial projections: Confirmed by an independent 3rd party
- Identify: Eligible properties
- Prepare: A proposal including C-PACE benefits
- Develop: An optimized project incorporating C-PACE financing
- Assist: With the presentation of the project to the owner and mortgage holder
- Source: Capital providers to determine “best-fit” financing
Contractor News
- Historic Denver Hotel Redevelopment Project Demonstrates Collaboration Between C-PACE and Public Funds
- Colorado C-PACE Closes Credit Union Financed Chiller Plant Retrofit for Colorado Springs Office Building
- National coalition, including SRS, launches building decarbonization program in 9 major U.S. cities
Key Steps in the Colorado C-PACE Project Lifecycle
Free Contractor Workshop
- Learn about C-PACE program benefits
- Learn about Colorado C-PACE contractor tools and support services
- Apply to become a registered Colorado C-PACE contractor
- Once registered, have your firm’s name listed on the Colorado C-PACE website
Post-Workshop Engagement
- Prequalify projects
- Prioritize your prospects
- Schedule meetings to introduce building owners to the program
Proposal Preparation
- Collaborate with Colorado C-PACE director to include relevant program benefits
- Prepare preliminary proposal with the help of the C-PACE program administrator
- Deliver the proposal and secure a meeting date with building owner
Preliminary Meeting with the Building Owner
- C-PACE program administrator will attend if you wish
- Review building financial prequalification metrics, e.g. loan-to-value %
- Discuss building improvement needs and potential savings impact
- Review mortgage holder consent process
- Secure authorization to proceed to project scenario development
Project Development
- Conduct building walk-through
- Prepare energy audit with improvement costs and savings estimates
- Deliver project costs and savings data to the Colorado C-PACE director
- Collaborate with the Colorado C-PACE team to optimize project scenario, including financing assumptions
- The Colorado C-PACE team will then prepare a draft EPICTM Report for the project
Project Review Meeting with the Building Owner
- The C-PACE program director will attend with you if you prefer
- Review draft EPICTM Report with building owner to review project financial projections
- Incorporate any final revisions into report
- Secure authorization to proceed to mortgage holder consent and project financing
Mortgage-Holder Consent
- Colorado C-PACE team reviews EPICTM Report with mortgage holder
- Obtains consent to record C-PACE assessment
Project Financing
- Building owner engages with selected capital provider
- Capital provider prepares financing agreement
- Colorado C-PACE team manages project closing and facilitates assessment recording with the county
Project Construction and Commissioning
- Building owner authorizes contractor to begin construction
- Construction funds are disbursed per the terms of the financing agreement
- Contractor completes project installation
- Building owner confirms project completion and acceptance
- Capital provider submits Completion Certificate to Colorado C-PACE team