Energize New York Open C-PACE Program

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The City of Saratoga Springs is proud to participate in the Energize NY Open C-PACE (Property Assessed Clean Energy) financing program. 

Energize NY Open C-PACE (Property Assessed Clean Energy) provides a low cost, long-term alternative to traditional loans to fund clean energy projects in commercially owned buildings and is operated by Energy Improvement Corporation (EIC).

Open C-PACE is not a bank loan and differs from traditional financing options:

  • financing is available for up to 100% of the project cost, or can be combined with other financing
  • competitive private financing from EIC-approved capital providers
  • customizable loan terms up to the expected life of the improvement
  • repayment is secured through a benefit assessment lien that is subordinate to municipal taxes
  • financing automatically transfers to a new owner if the property is sold
  • projects must comply with NY State Article 5-L (NY’s PACE law) and NYSERDA's Commercial PACE Guidance Document

PACE


For more information, visit www.EnergizeNY.org or call (914) 302-7300 x8105

or

City of Saratoga Springs
Tina Carton, Administrator of Parks, Open Lands, Historic Preservation and Sustainability
Phone: (518) 587-3550 ext. 2534
Email: tina.carton@saratoga-springs.org