The first thing is to do an energy analysis.
The C-PACE contact at the state is Seth Lutter with the Montana Facility Finance Authority. His contact info is below. You can also find lots of details about the program at https://lastbestpace.com/.
Seth Lutter, CHFP
Montana Facility Finance Authority
Hope that helps!
|Diana Maneta (she/her)
|Sustainability Program Manager
|COMMUNITY AND PLANNING SERVICES
C-PACE is for commercial properties including multi-family of four units or more so
the property you mentioned below would qualify for the C-PACE loan. The first step
is getting an energy assessment done on the property to see what improvements would
qualify for C-PACE. If you go to our website you can see what
qualifies: http://www.lastbestPACE.com For C-PACE to be utilized, the amount of
the savings on the improvements/equipment has to equal or be greater than the cost
of the improvements so not all upgrades would qualify, i.e. if a window upgrade is
$50k but over a 20-25 year term the savings are only $25k, that would not qualify
for C-PACE. We can bundle all energy and water upgrades together so even if windows
do not net out, if we include LED lights and a high-efficiency furnace that does
provide good savings, we can try and get all improvements to a net neutral amount.
The first step is looking at the property and seeing what improvements make sense
and if they are financially viable.
The list of firms that can do an energy analysis can also be found at this
These firms have been approved by DEQ for their programs and meet our standards
With an audit in hand you can choose what options you want to implement and the
financing will be designed around that. We’re happy to discuss C-PACE with the
engineers or any other group you’re working with on the project.
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CPACE is available to commercial, agricultural, industrial, nonprofit or multifamily properties with four or more homes, for projects costing at least $50,000. Property owners who opt in pay off the installation cost using a loan tied to their property taxes.
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