Credit: Blue Planet Studio/Adobe Stock NY C-PACE: Local Law 96, Local Law 97, and How C-PACE May Be Coming Into Its Own
In light of these market and institutional shifts toward environmental consciousness, C-PACE, or Commercial Property Assessed Clean Energy finance programs, may finally have an opportunity to hit its stride, especially in New York City.
June 19, 2023 at 09:33 AM
10 minute read
Special Sections
Property owners, investors, and lenders alike are heeding the call to bring commercial real estate into the 21st century with regards to environmental, social, and corporate governance (ESG) principles. Many jurisdictions are implementing legislation emphasizing clean energy solutions that lower carbon emissions for property owners, both with respect to retrofitting existing structures or requiring stricter environmental compliance standards for new construction. In light of these market and institutional shifts toward environmental consciousness, C-PACE, or Commercial Property Assessed Clean Energy finance programs, may finally have an opportunity to hit its stride, especially in New York City.
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