Rhode Island C-PACE for Renewable Energy Contractors
Typical challenge solar PV contractors face:
- Your sales team has identified the potential clients
- You know the solar PV equipment needed
- Your proposal(s) have been submitted
- The owner: “I’m skeptical about the savings projections”
What if your project energy savings and cash flow projections:
- Were reviewed and confirmed by independent, third-party experts
- Integrated 25-year (project dependent) C-PACE financing
- Incorporated ITC and MACRS depreciation to maximize cash flow (where applicable)
- Included C-PACE assessment benefits:
- Outstanding C-PACE assessment amount does not accelerate at time of sale
- Payment obligation automatically transfers to new owner upon sale
C-PACE long-term financing enables “new way” cash flow focused solar PV
project development providing a compelling opportunity for the building owner:
- Energy costs: Decreased
- Building cash flow: Increased
- Technical projections: Confirmed by an independent third party
- Financial projections: Confirmed by an independent third party
Sound too good to be true? Contact us to learn how C-PACE is enabling contractors to propose “too good to be true” projects.
Moreover, at no cost to contractors, our C-PACE experts will help you:
- 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
Get Started Today. C-PACE is now up and running in the following municipalities.
Displayed below is an overview of the key steps involved in the C-PACE project life cycle. Click on the “>” icon associated with each step to view additional details.
Training
- Overview of "Power of PACE" benefits
- Introduction to C-PACE tools and support services
- Become a registered C-PACE contractor
Post Training Engagement
- Screen potential opportunities
- Prequalify projects (PACEcheck™ Report)
- Select best prospects
Proposal Preparation
- Collaborate with C-PACE Director to include program narrative
- Prepare preliminary proposal
- Deliver proposal and secure meeting date with owner
Preliminary Meeting with Building Owner
- 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 feasibility study with system costs and savings estimates
- Deliver project costs and savings data to C-PACE Director
- Collaborate with C-PACE team to optimize project scenario including financing assumptions
- C-PACE Director prepares Draft Project Finance Report for contractor
Project Review Meeting with Building Owner
- Review Draft C-PACE Project Finance Report with building owner
- Incorporate any final revisions to C-PACE Project Finance Report
- Secure authorization to proceed to mortgage holder consent and project financing
Mortgage Holder Consent
- C-PACE team reviews Project Finance Report with mortgage holder
- Secure mortgage holder consent to place C-PACE assessment