MinnPACE Expands C-PACE Financing

Minnesota’s Commercial Property Assessed Clean Energy (C-PACE) program has taken a major step forward. Administered statewide by MinnPACE, the program has been a leader in clean energy financing since 2010, with more than $291 million invested and over 100 projects completed. Now, with new legislative updates in 2024, MinnPACE is entering what we’re calling the “State of 30.”

The upgrades are game changers:

• Longer Financing Terms – Maximum loan terms extended from 20 to 30 years, making projects more affordable and cash-flow friendly.
• Higher Loan-to-Value (LTV) – Eligible financing increased from 20% to 30% of a property’s value, unlocking larger project opportunities.
• Expanded Eligibility – The “cost-effectiveness” test was removed, giving property owners more flexibility to pursue impactful sustainability improvements.
• Resiliency Added – Building resiliency projects, such as storm hardening and climate adaptation, are now eligible, helping communities prepare for the future.

“These program enhancements significantly strengthen the incentives for developers to pursue sustainable buildings,” said Holly Huston, Vice President of the Saint Paul Port Authority. “It’s about expanding access, driving investment, and building a more resilient Minnesota.”

With these updates, MinnPACE is better positioned than ever to help businesses cut energy costs, improve property value, and contribute to statewide sustainability goals.

Contact Us

For more information, reach out to:
Holly Huston, Vice President
651-204-6216 | HKH@sppa.com

MinnPACE is a division of the Saint Paul Port Authority.
www.minnpace.com | www.sppa.com