Press Release: Oct 20, 2025

MONROE, Conn., Oct. 20, 2025 — Sustainable Real Estate Solutions (SRS), a leader in the administration of Commercial Property Assessed Clean Energy (C-PACE) programs for state and local governments, today announced that it has reached a significant milestone by facilitating over $1.25 billion in C-PACE financing.

Brian McCarter, SRS CEO, said, “Since 2013, SRS’s experienced team of commercial building energy, environmental, and software development experts have provided state-of-the-art C-PACE program administration services in ten states.”

McCarter added, “SRS’s groundbreaking work in the early days of the C-PACE industry led to the development and implementation of multiple industry firsts that have been widely emulated in programs nationwide forming a critical foundation for the industry’s impressive growth.”

To achieve these unprecedented results, SRS developed the industry’s first:

• Repeatable and scalable existing building retrofit technical underwriting methodology supporting the launch of the first statewide C-PACE program in Connecticut.
• Program design integrating an “Open Market” for private capital supporting the launch in Colorado of the nation’s second statewide C-PACE program. This innovation, which enabled building owners to select their preferred capital provider from multiple prequalified firms, has served as a model now used by C-PACE programs nationwide.
• Methodology to underwrite new construction projects for C-PACE financing in support of the launch of Colorado’s C-PACE program. This pioneering application for new construction projects led to the rapid growth of C-PACE financing in support of large new construction projects nationwide.
• Program design incorporating Capital Provider-Direct C-PACE Assessment Billing and Collections to support the launch of C-PACE in Arlington County, VA. This innovation enabled small to mid-size local governments, which lack the resources needed to manage assessment billing and collections, to adopt C-PACE. Examples where this methodology unlocked the benefits of C-PACE include multiple jurisdictions across Utah, Nevada, and several other states.
• Standardized outreach, education, and training initiatives, which have engaged over 2,600 project developers and contractors which, based on the business case analytics provided by SRS, are driving increased adoption of high efficiency equipment retrofits.

In the process of developing these industry-leading “best practices”, SRS:

• Collaborated with over 50 C-PACE lenders, including C-PACE specialty capital providers, community banks, green banks, credit unions and CDFIs supporting a wide range of project types and sizes.
• Technically evaluated thousands of energy efficiency projects, of which over 500 have received C-PACE financing.
• Developed the SRS proprietary Energy Performance Improvement Calculator (EPIC™) technology platform which enables building owners and lenders to evaluate the cost-benefit of both alternative energy improvements and financing options in real time. EPIC™ has significantly advanced project origination, underwriting, and financing best practice by bringing a level of analysis to small and mid-size buildings previously only available to multi-million-dollar large building projects.

McCarter concluded, “These pioneering innovations and lessons learned, developed and refined over the past decade in C-PACE programs nationwide, are now used by SRS to administer the next generation of building energy performance public-private partnerships.” Examples include:

• City and County of Denver: Energize Denver Energy Navigation (EDEN) program
• State of Delaware: Energize Delaware Business Technical Assistance (BTA) program
• Nevada Clean Energy Fund: Commercial Building Energy Audit (CEAP) program.

These programs, which SRS designed to optimize energy savings and the environmental and economic impacts of commercial and nonprofit building energy improvements, represent next generation applications of SRS’s products and services. As such, they are driving greater impact at a fraction of the time and cost of legacy programs – a “mission critical” benefit for local and state governments seeking to achieve their building energy performance and environmental goals amid federal funding challenges.

About SRS

Sustainable Real Estate Solutions (SRS) partners with state and local governments to administer commercial building energy performance programs, including Commercial Property Assessed Clean Energy (C-PACE) financing programs. Founded in 2010 by experienced commercial real estate, energy efficiency, and software development professionals, the company’s proprietary technology-enabled Energy Performance Improvement Calculator (EPIC™) platform streamlines the data-intensive project technical and financial underwriting process. SRS’s Investor Confidence Project-credentialed quality assurance methodology has facilitated over $1.25 billion in C-PACE financing nationwide. SRS empowers leading building energy performance public-private partnerships across the country. The company is based in Monroe, Connecticut.

Contact: Brian McCarter, CEO

(203) 459-0567