PACE in Rhode Island

Background

Rhode Island passed PACE-enabling legislation in 2015 as part of a comprehensive budget bill, and in April 2016, RI C-PACE, the statewide commercial PACE program, started operating. Municipalities can join the program, which is administered by the RI Infrastructure Bank.

Active PACE programs

 Residential           1466123363_tick_16 Commercial

Rhode Island CPACE

In 2016, the Rhode Island Infrastructure Bank launched the RI CPACE program and selected Sustainable Real Estate Solutions to administer the commercial program.

C-PACE enables owners of Eligible Commercial & Industrial Buildings to finance up to 100% of Energy Efficiency, Renewable Energy, Water Conservation, Environmental Health and Safety Eligible Improvements. Financing is provided by private Capital Providers at competitive rates with repayment terms consistent with the useful life of the improvements, generally up to 25 years.

PACE Municipalities in Rhode Island

PACE Enabling Legislation in Rhode Island

Next step…

Connect with our members and join PACENation

View current PACE market statistics

Explore our library of C-PACE case studies

MikePACE in Rhode Island