News Media Resources

Anthony (Tony) DePrima, Ph.D.
Energize Delaware Executive Director
Delaware Sustainable Energy Utility, Inc
500 West Loockerman Street, Suite 400
Dover, DE 19904

Program Overview

Project financing, which requires no taxpayer funds, is crucial to meeting Delaware’s public policy goals that seek to reduce greenhouse gas emissions, increase renewable energy deployment and create local jobs.

For building owners, the Delaware C-PACE solves important financial hurdles by providing:

  • 100 percent financing (project dependent, up to 25 year term; no out-of-pocket costs)
  • Competitive, fixed interest rates
  • Project qualification is based on building finances, not the owner’s credit, net worth or personal guarantee
  • On an annual basis, typical projects are cash flow positive to the owner

All projects have multiple participants including government officials, building owners, contractors, capital providers and banks which hold a first mortgage. Each of these stakeholders has an important role to play in the development and implementation of a successful project.

Frequently Asked Questions

Other Resources

Back to Top