C-PACE · Nevada
C-PACE in Nevada
Enabled in 2017 under Nevada's special improvement district statute, which lets any municipality stand up a programme but requires none to — so there is no statewide administrator and no statewide reporting. Thirteen of Nevada's thirty-six municipalities had adopted C-PACE by March 2026, operating through three programme platforms: Las Vegas and North Las Vegas, a Reno-led consortium covering Reno, Sparks, Fernley, Washoe, Lyon, Pershing and Elko, and the Nevada Clean Energy Fund's statewide platform. A small market by project count and a very large one by dollars — seven all-time projects average $52M apiece, because almost all of it is resort and casino hospitality. The published cumulative runs only through 2024 and is now well out of date: the Rio Hotel & Casino tower took $176.5M in August 2025 and the Cal Neva at Lake Tahoe took $223M in April 2026, the largest C-PACE financing in Nevada's history and the first in Washoe County.
Verified 2026-09-19
- Program status
- Active
- A program list entry was confirmed
- Invested to date
- $362M
- Cumulative through 31 December 2024
Source: C-PACE Alliance, 2024 National Program Volume Data (all-time cumulative through 2024) - Projects
- 7
- Ranks 6 of 27 reporting states
- Average deal
- $51.8M
- Indicative, not a program limit
Who administers C-PACE in Nevada
Nevada has more than one program administrator. That matters more than it sounds — the same project can sometimes be run through either, and their rules, fees and turnaround are not identical.
- City of Las Vegas C-PACE (Las Vegas and North Las Vegas)
- City of Reno C-PACE (Reno, Sparks, Fernley, Washoe, Lyon, Pershing and Elko)
- Nevada C-PACE (Nevada Clean Energy Fund)
How to check your specific property
C-PACE availability is decided locally even when the enabling law is statewide. Work through these in order — each one can end the enquiry, so doing them out of order wastes time.
- Jurisdiction. Confirm the county or municipality has opted into the program. Statewide authorisation is not the same as local adoption.
- Eligible scope. Establish which parts of your project qualify — energy, water and resiliency measures, and in many states new construction and a look-back on recently completed work.
- Senior lender consent. Ask your mortgage holder early. This is the step that most often decides the timeline.
- Assessment mechanics. Understand how the assessment appears on the tax bill and how it is handled at closing when the property sells.
Is C-PACE the right tool for this project?
C-PACE solves a specific problem: long-term, fixed-cost capital for improvements to a building, secured by the property rather than by you. It is not a substitute for working capital and it is not fast money. Where it is strongest:
- Hotel and multifamily renovations where the capital stack is already tight
- Office-to-residential and other adaptive reuse conversions
- New construction where C-PACE fills the gap between senior debt and equity
- Owners who expect to sell before a conventional loan would amortize
- Deferred maintenance that a bank will not lend against
If your project does not fit that shape, the honest answer may be a different program — or none of them yet. USDA B&I covers rural projects with terms up to 40 years, and SBA 504 covers owner-occupied real estate and equipment. Our C-PACE versus bridge loan comparison covers the case where the two are used together rather than as alternatives.
C-PACE in Nevada: common questions
Is C-PACE available in Nevada?
Yes — Nevada has an active C-PACE program, administered through 3 programs. Availability inside the state is usually decided jurisdiction by jurisdiction, so the property's county or city must also have opted in. Confirm the specific address with the program administrator before assuming coverage.
How large is the C-PACE market in Nevada?
Cumulatively through 31 December 2024, Nevada recorded $362M of C-PACE investment across 7 projects — an average of about $51.8M per project. That ranks it 6 of 27 states with reported volume. Average deal size matters more than project count when you are judging whether your project is typical for the market.
Does my mortgage lender have to consent to C-PACE in Nevada?
In most programs, yes. The C-PACE assessment sits ahead of the mortgage in payment priority, so the senior lender is normally asked to consent in writing. Many commercial mortgage lenders now approve C-PACE routinely, but the consent conversation takes time and is the most common reason a deal stalls. Start it early.
What happens to the C-PACE assessment if I sell the property in Nevada?
The assessment runs with the property. When the building sells, the remaining payments transfer to the buyer along with the improvements they funded. This is the structural feature that makes a 30-year term sensible for an owner who plans to exit in five.
Does your Nevada property qualify?
We will check the jurisdiction, the eligible scope and the senior lender consent path before anyone talks about rates.
- Commercial and business purposes only — we do not place consumer loans.
- If the project does not qualify, we say so and tell you what would change that.
- No credit pull to get an answer on program eligibility.
- We reply within one business day.
C-PACE eligibility is decided by the property — its address, its jurisdiction, the scope of work, and who holds the mortgage. That is why this form asks about the building rather than about you. The more of it you can answer, the more specific our first reply is.
Thank you — we have your enquiry.
We reply within one business day, from a person, by email or phone. If the project does not fit any program, we will say so and tell you what would change that.