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PACEworx News (formally BEPAnews) is a free, nationally distributed e-news digest devoted to the fast-growing, evolving field of building energy efficiency improvement. Nearly 9,000 building owners, property developers, government officials, capital providers, and mortgage originators read PACEworx News to stay informed about the energy-related issues that impact commercial and industrial property.

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Working in collaboration with its government agency clients, SRS serves as the foundation for the most successful Commercial Property Assessed Clean Energy (C-PACE) programs in the country. The combination of talented agency staff, the SRS technical support services team and our powerful PACEworx™ Platform has facilitated the development of over $130 million of C-PACE projects — a level unmatched in the industry.


Our unique PACEworx™ Platform provides consistency, quality control and transparency across the entire project life cycle – ensuring that all stakeholder underwriting requirements are met and that projects accelerate to a successful close.

close underwrite originate


To accelerate projects through each step in the life cycle,  SRS deploys a standardized training protocol that provides step-by-step instruction on the workflow of C-PACE and introduces a suite of tools, reports and support services designed to generate building owner enthusiasm for a specific project.

Click Originate, Underwrite, or Close to view key steps in the process.


SRS accelerates project origination through contractor channel initiatives.

  • Owner authorizes contractor for site visit, upon SRS pre-qualification
  • Contractor uses SRS tools to optimize project for C-PACE financing
  • SRS conducts project eligibility and savings projections technical review on behalf of agency sponsor (Government or Non-Profit)


SRS tools & reports ensure stakeholder underwriting requirements are met.

  • Owner approves project scope and cost, post SRS technical underwriting
  • Owner, with SRS technical support, obtains mortgage holder consent
  • SRS supports owner’s “best fit” capital provider selection


SRS prepares Project Finance Report to facilitate finance closing.

  • Capital provider and owner execute finance agreement
  • SRS coordinates with local tax office to place PACE assessment
  • Contractor commences construction, SRS oversees project commissioning


C-PACE projects must work for all three project Gatekeepers: Contractors, who have a desire to sell comprehensive projects, Owners and Mortgage Holders — both typically skeptical of the projected energy savings. Gaining consensus requires a skilled, independent third party, with the technical and financial knowledge to deliver projects that meet, or exceed, the objectives of each Gatekeeper.





Contractor involvement and motivation is the most crucial element in the success of every C-PACE program, especially during the critical 2-3 year launch and growth period. SRS provides outreach, education and training, including workshops and webinars to educate and engage Contractors on the benefits of C-PACE financing. Following the workshops, our Technical Support Services (TSS) team enables contractors with a suite of tools, reports and support services to sustain momentum and accelerate C-PACE market adoption by advancing Contractor projects.

One major barrier to closing C-PACE project financings is often the Building Owners’ lack of confidence in the Contractor’s projected energy savings-based projects. To meet the underwriting requirements of skeptical building owners, our PACEworx™ Platform enables a technically sound transparent project scenario development and optimization process which allows Contractors to address all of the Building Owners’ “what if’s”— improving confidence in the project economics.

Building Owner’s seeking to take advantage of C-PACE financing need to secure the consent of the bank holding the first mortgage — although many bank officers are unfamiliar with C-PACE and may not have the necessary documentation to support such consent. To successfully facilitate the Mortgage Holder’s consent, SRS’s Mortgage Holder Consent Report includes the key financial and technical data required to assess the project’s impact on the building owner’s mortgage repayment ability and collateral value.


SRS provides C-PACE programs with a streamlined, standardized, technically-sound and transparent underwriting methodology that has earned the confidence of contractors, building owners, mortgage holders and capital providers around the country. This proven project underwriting methodology has facilitated the development of over $130 million of C-PACE projects nationwide – a level unmatched in the industry.

The SRS Platform is essential

for the management of an inherently data-intensive, complicated process. By standardizing the underwriting, SRS has provided capital providers with a high-degree of confidence in the project underwriting data, enabling the sale of PACE portfolios.

BRYAN GARCIA, CEO, Connecticut Green Bank
Program website: cpace.com

SRS’s state-of-the-art project development tools

have brought speed and transparency to the commercial PACE underwriting process.

RICH CHIEN, GreenFinanceSF Program Manager, City and County of San Francisco

SRS was competitively selected

as the Colorado C-PACE administrator and will oversee an open, competitive lending model that makes it possible for a wide variety of capital providers to participate.

PAUL SCHARFENBERGER Director of Finance & Operations, Colorado Energy Office Chairman, New Energy Improvement District
Press Release Program website: copace.com

The SRS team has brought experience

and technical competence to our program. Working in close collaboration with our staff, SRS has built the RI C-PACE website, written the Program Guidelines, and prepared a detailed communications plan for engaging key stakeholders. As a result, RI C-PACE is positioned for a seamless launch in record time. It has been a very productive partnership.

MICHAEL BAER, Senior Advisor, Rhode Island Infrastructure Bank
Press Release Program website: ri-cpace.com

With SRS’s extensive success

in administering C-PACE programs nationwide, we are confident that our partnership will create a robust program locally that leverages market-based approaches to energy financing, and capitalizes on best practices throughout the country.

LAURA NELSON, Executive Director, Governor’s Office of Energy Development
Press Release

The SRS team has been a valued partner

during Arlington County’s C-PACE program development. SRS has worked thoughtfully and successfully with county staff from multiple departments, and has considered varied interests to craft an excellent program. Their extensive knowledge of the PACE industry is evident to me and to different stakeholders as we learn from their presentations and excellent answers to questions on all aspects of the PACE program. We look forward to collaborating with them to bring projects to close in 2018.

RICH DOOLEY, Community Energy Coordinator, Arlington Initiative to Rethink Energy
Program website: arlington-pace.us


Denver Office Building to Receive Energy Makeover via Colorado C-PACE Program (February 12, 2018 | Press Release)

An 80,000-square-foot office building in Denver will receive a major energy makeover thanks in part to the state’s commercial property assessed clean energy (C-PACE) program. The program, a public-private partnership, relies on private capital, and not taxpayer funds, to help commercial property owners finance energy efficiency projects with affordable, long-term, non-recourse financing.  read more

Hotchkiss Organic Orchard Taps Colorado C-PACE for Renewable Energy System (February 8, 2018 | Press Release)

Colorado C-PACE, which helps building owners and developers finance energy efficiency measures, announced the state’s first agricultural project funded through the program. Ela Family Farms, a Hotchkiss-based certified organic orchard, will use C-PACE financing to install a new solar photovoltaic (PV) system at its warehouse. Along with producing renewable energy, the installment is projected to save the fourth-generation orchard more than $113,000 in energy costs over the system’s lifetime.  read more

Two Denver Office Buildings Will Receive Energy Efficiency Makeovers Through State C-PACE Program (February 5, 2018 | Press Release)

Brian McCarter, CEO of Sustainable Real Estate Solutions, which administers the Colorado commercial property assessed clean energy (C-PACE) program on behalf of the New Energy Improvement District (NEID), today announced that two new projects have been financed through the program. Ogilvie Properties, a Denver-based commercial real estate investment company, will use C-PACE to upgrade two of its commercial properties in Denver with equipment that is projected to save the company more than $113,000 in energy costs each year.  read more

$7.1 Million Energy Efficiency Project Kicks Off in Colorado (February 1, 2018 | McKinstry)

Two six-story office buildings in Greenwood Village’s Fiddler’s Green Center are taking the first step toward an even more energy-efficient future. At the conclusion of this $7.1 million energy retrofit project, the Fiddler’s Green Center buildings will save $385,000 in annual energy and maintenance costs, representing a 30 percent savings.  read more

Building Green Can Make Dollars and Sense (February 1, 2018 | Scotsman Guide)

C-PACE is an innovative, voluntary financing program for energy-efficiency, water-efficiency and renewable-energy projects. It’s a way to fund energy-equipment replacement projects, and a number of programs now allow commercial real estate developers to use C-PACE financing to fill lending gaps for new construction.  read more

Sustainable Real Estate Solutions Names Virginia C-PACE Program Director (January 24, 2018 | Press Release)

Sustainable Real Estate Solutions (SRS), the leading provider of program administration services for commercial property assessed clean energy (C-PACE) programs nationwide, is pleased to announce the appointment of Scott Dicke as program director for a new C-PACE program that has launched in Arlington County, Virginia.  read more

Arlington County Begins Connecting Environmentally Savvy Building Owners with Private Investors (January 22, 2018 | Press Release)

All systems are go for Arlington’s new C-PACE program, a first-in-Virginia public-private partnership to provide affordable, long-term financing to improve energy or water efficiency of commercial buildings.  read more

RI Infrastructure Bank Continues to Reduce Energy Costs for Businesses through C-PACE Program (December 11, 2017 | Press Release)

Jeffrey R. Diehl, CEO of Rhode Island Infrastructure Bank (Infrastructure Bank), announced today that its fourth Commercial Property Assessed Clean Energy (C-PACE) project has been financed. The program will allow US Extruders, a manufacturer that produces custom single-screw extruders in Westerly, RI, to finance the installation of roof-mounted solar panels.  read more

Arlington First in Virginia with New Financing Tool for Sustainable Buildings (November 29, 2017 | Press Release)

Arlington County will pioneer Virginia’s first Commercial-Property Assessed Clean Energy (C-PACE) program—a public-private partnership to provide affordable, long-term financing for projects to improve the energy or water efficiency of commercial buildings in the county. read more


February 28, 2018


Xcel Energy’s Partners in Energy: Private and Public Institutions
A C-PACE information session for owners of commercial and industrial buildings

Golden, Colorado

March 1, 2018


Contractor Workshop
Learn how CPACE financing can help grow your business!

Warwick, RI

March 8, 2018


Contractor Workshop
Learn how CPACE financing can help grow your business!

Arlington, VA

March 12-14, 2018


COSEIA Solar Power Mountain West 2018
The Rocky Mountain Region’s biggest solar industry conference

Aurora, CO

March 15, 2018


Contractor Workshop
Learn how CPACE financing can help grow your business!

Gunnison, CO

March 19-21, 2018


PACENation Summit 2018
The only national conference focused completely on PACE

Denver, CO

May 15, 2018


Contractor Workshop
Learn how CPACE financing can help grow your business!

North Haven, CT

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