News Media Resources

Contact:
Brian J. McCarter, CEO
Sustainable Real Estate Solutions, Inc.
(203) 459-0567

Program Overview

Project financing, which requires no taxpayer funds, is crucial to meeting Rhode Island’s public policy goals that seek to reduce greenhouse gas emissions, increase renewable energy deployment and create local jobs.

For building owners, the Rhode Island C-PACE (Program) solves important financial hurdles by providing:

  • 100% financing (project dependent, up to 25 year term; no out-of-pocket costs)
  • Competitive, fixed interest rates
  • Project qualification is based on building finances, not the owner’s credit, net worth or personal guarantee
  • On an annual basis, typical projects are cash flow positive to the owner

All projects have multiple participants including government officials, building owners, contractors, capital providers and banks which hold a first mortgage. Each of these “stakeholders” has an important role to play in the development and implementation of a successful Project.

Frequently Asked Questions

Other Resources