C-Pacer

What is C-PACER?

C-PACER (Commercial Property Assessed Clean Energy and Resiliency) is a financing mechanism allowing commercial property owners to fund energy efficiency, water conservation, renewable energy, and resiliency upgrades, offering low-cost capital that runs with the property and transfers upon sale. It provides fixed-rate funding, making it easier to finance significant green building projects and improve building performance.

For more information, email C-Pacer@knoxcounty.org or call 865-215-3032.

Eligible Improvements

Energy & Building Systems

Lighting
Heating and cooling systems
Insulation
Windows and doors
Commercial refrigeration
Pumps and motors
Roofing and flooring

Renewable Energy & Transportation

Solar panels
Wind turbines
Electric vehicle charging stations

Water & Resiliency Improvements

Water conservation measures
Permeable pavement
Stormwater controls
Flood protection
Seismic upgrades
Tornado shelters

C-PACER look back

Property owners can use C-PACER to finance improvements completed in the past but within the look-back period.

This can help property owners who have faced challenges during construction or lease-up.

C-PACER can pay down debt, fund construction cost overruns, and replenish operating reserves.

C-PACER look back can:

Help property owners bridge projects to stabilization.
Help property owners avoid foreclosures, property tax payment delays, and abandonment.
Provide a reliable source of capital that is counter-regular to traditional sources.

Eligibility for C-PACER look back

Eligibility for C-PACER look back depends on the state and the location within the state.

Previous Projects

Locust Street Rendering Knox County Trustees Office recently completed a C-PACER financing project for The AC Hotel, a 161-room hotel. A ground up construction in downtown Knoxville, Tennessee, which will bring 100 jobs to the area. The hotel will have received $17.2 million in Commercial Property Assessed Clean Energy & Resilience (C-PACER) to support the new construction of the modern elegance hotel once completed.

The AC Hotel will do energy efficiency on the building envelope, lighting, plumbing, heating, ventilation, and air conditioning. Once the project is completed the AC Hotel will have a reception lobby, library, and fitness center. The hotel will feature a rooftop Lounge, offering views of the Knoxville skyline and the Sunsphere. On the same level the AC Kitchen will serve a European- inspired breakfast. We are delighted to have the AC Hotel utilizing C-PACER in Knoxville, TN.