PACE Financing at BLAZE

Commercial Property Assessed Clean Energy (C-PACE) financing is now available at Blaze Credit Union for energy efficiency upgrades and renewable energy installations. What makes C-PACE unique is the fact that payments are rolled into a voluntary tax assessment, which offers a fixed-rate, for an extended term, with payments being made only twice per year.  C-PACE financing is a good fit for both retrofits and new construction, lowering the cost of capital so you can save more.

C-PACE Financing at Blaze is easy. Regardless of your investment level, the process is the same.

Step One

As the property owner, you identify a project that will lower both your energy usage and utility costs. To qualify for C-PACE financing, there needs to be a return on investment in 20 years or less. 

Step Two

Complete the paper application and submit to Blaze.

Step Three

Upon approval, Blaze will deploy loan funds.

Step Four

With funds in-hand, you work directly with your contractor to purchase and install equipment.

Step Five

The MinnPACE team will then work with your city or county to place the voluntary assessment on your property. The first payment won’t be due until May of the following year, which gives you time to accrue the financial savings of lower energy costs. 

Industries and Equipment

C-PACE is available to most commercial building owners. To date, we’ve funded manufacturers, farming operations, and retail facilities. Other popular sectors benefitting from C-PACE include office buildings, multi-tenant housing units, and nonprofit organization (including places of worship.)