How C-PACE Financing Can Transform Your Healthcare Facility
3 min. read
published: Monday September 18, 2023
by Andy Brzezinski, SitelogIQ Healthcare Director of Sales
Providing stellar patient care and a comfortable treatment experience requires a sustainable, modern, safe, and efficient healthcare facility. Improvements to infrastructure and fixtures may be necessary to ensure your space protects the health of patients and staff. But funding these projects is often a difficult task for healthcare facilities – that’s where the Commercial Property Assessed Clean Energy (C-PACE) program comes in.
What is C-PACE?
C-PACE is a financing option for clean energy projects that is enabled in many states. For healthcare facilities, securing C-PACE financing solves the upfront cost barrier by providing 100% financing for your healthcare project. This financing option helps overcome procurement hurdles, enabling large-scale energy savings initiatives, and implementation of turnkey projects to meet high priority facility needs. It also helps you create a long-range facility roadmap to benefit your patients and staff through a process made simple for healthcare administrators. Currently, C-PACE financing is offered in over 30 states across the United States, as outlined below.
When partnering with SiteloqIQ (SIQ), the C-PACE application and procurement process is simple and includes:
Step 1: SIQ works with you to develop a customized solution.
Step 2: SIQ coordinates C-PACE approval and funding for the project.
Step 3: SIQ implements the approved project, creating a more energy efficient and healthy facility for patients and staff.
Step 4: You have decreased your carbon footprint, addressed deferred maintenance, and increased the facility’s value.
Let our experts help to make this a simpler, more efficient application process.
The quality of your hospital or healthcare system can greatly impact the health and safety of your patients, nurses, doctors, and staff. C-PACE financing is a great option to finance projects that allow you to create a space for excellent patient care. Some advantages include:
100% Financing – There are no upfront payments, enabling facility owners to pay off large infrastructure upgrades over longer terms.
Large Funding Availability – C-PACE legislation enables available financing at approximately 20%-25% of the Property Assessed Value (Flexible Balance Sheet Treatment).
Improvement Options – It covers many types of improvement opportunities for both infrastructure improvements and energy savings measures.
C-PACE financing supports projects that help to address deferred maintenance challenges, advance sustainability objectives, reduce carbon footprint, and improve building conditions and resilience – all of which can allow you to provide better patient outcomes.
Whether you’re looking to improve your facilities’ energy efficiency through lighting upgrades or improve your indoor air quality, C-PACE may be the right fit to finance these projects.
How to Get Started with C-PACE
SIQ’s C-PACE financing consultants will assist you throughout the entire application process. Our expert team will work to find a cost-effective solution that delivers the most value for your green energy project. With our decades of combined experience in C-PACE consulting, you can trust our team to deliver results that provide the most value. Complete our contact form to connect with one of our experts and learn more about the C-PACE energy program or contact us at 888.819.0041.
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