Sustainable Real Estate Solutions (SRS)

Name

Sustainable Real Estate Solutions (SRS)

Legal name

Sustainable Real Estate Solutions, Inc.

Website

https://paceworx.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Clean Energy Financing & C-PACE Program Administration

NAICS

Nonresidential Property Managers (531312), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Climate Finance, Carbon Markets & MRV Systems (BPADALAB)

akta.pro secondary industries

Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ), Climate Finance Strategy (CapEx planning, green finance, incentives & grants) (EUABAKAG)

Keywords

• C-PACE program administration
• Clean energy financing
• Commercial property assessed clean energy
• Energy efficiency underwriting
• Building energy retrofits

Headquarters

HQ city

Trumbull

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. C-PACE Program Administration Services: SRS is contracted by state and local government agencies (e.g., Connecticut Green Bank, Colorado Energy Office, Rhode Island Infrastructure Bank) to administer C-PACE programs. Revenue is generated through program administration fees, technical underwriting services, and quality assurance oversight. SRS serves as an independent program administrator reporting to the agency sponsor, providing project technical underwriting, commissioning, and performance measurement and verification.
2. PACEworx™ SaaS Platform Licensing: SRS licenses its PACEworx™ Platform and related software tools (EPIC™, PACEcheck™, PSR, PFR) to program administrators, building owners, contractors, capital providers, and insurers. The platform is described as a 'Software as a Service' technology. Revenue is generated through platform subscription and usage fees paid by program participants.
3. Project Technical and Underwriting Services: SRS provides in-depth technical services to C-PACE stakeholders — including contractors, building owners, mortgage holders, and capital providers — to ensure project underwriting requirements are met. Services include technical review, project scenario development and optimization, commissioning, and M&V. These are fee-for-service professional services engagements.
4. Project Accelerator Service (PAS): A turnkey technical support service across the entire project lifecycle — from building pre-qualification through project finance closing — designed to accelerate development and underwriting of energy efficiency solutions. The service was initially subsidized by CT Green Bank and provided free to the first 5 approved contractor projects.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Sustainable Real Estate Solutions (SRS) administers Commercial Property Assessed Clean Energy (C-PACE) programs on behalf of state and local government agencies across 10 U.S. states. The company delivers program administration, technical underwriting, and project lifecycle management through its proprietary cloud-based PACEworx™ Platform and EPIC™ energy savings calculator, enabling building owners, contractors, mortgage holders, and capital providers to originate, underwrite, finance, and verify energy efficiency and renewable energy improvement projects.

Product overview

Sustainable Real Estate Solutions (SRS) offers a platform-plus-modules architecture centered on the PACEworx™ Platform for C-PACE program administration. The core platform is complemented by proprietary tools including EPIC™ (Energy Performance Improvement Calculator) for real-time energy savings estimation, and the Sustainable Real Estate Manager® for building performance assessment. Supporting modules include PACEcheck™ Prequalification Report, Project Scenario Report (PSR), Project Finance Report (PFR), and Mortgage Holder Consent Report. Technical Support Services and Project Accelerator Service provide hands-on support throughout the project lifecycle.

Differentiator

Problem solved

Functional benefit

Brands

• PACEworx™ Platform: A cloud-based software platform that provides consistency, quality control, and transparency across the entire C-PACE project life cycle, managing project origination, technical underwriting, financing, commissioning, and measurement and verification.
• EPIC™ (Energy Performance Improvement Calculator)
• Sustainable Real Estate Manager®
• PACEcheck™

Products and services

• C-PACE Program Administration End-to-end C-PACE program administration for state and local government agencies. SRS serves as the competitively selected independent program administrator reporting to the agency sponsor (e.g., Connecticut Green Bank, Colorado Energy Office, Rhode Island Infrastructure Bank), handling project technical underwriting, commissioning, and performance measurement and verification across the C-PACE lifecycle.
• PACEworx™ Platform Cloud-based SaaS platform providing consistency, quality control, and transparency across the entire C-PACE project life cycle — from project origination through technical and financial underwriting, financing, commissioning, and measurement and verification. Licensed to program administrators, building owners, contractors, capital providers, and insurers.
• EPIC™ (Energy Performance Improvement Calculator) Cloud-based application enabling HVAC contractors and energy efficiency project developers to estimate energy cost savings and calculate financial impacts of their projects in real time. Powered by proprietary data collected over the last decade from thousands of energy improvement projects and predictive analytics; EPIC-generated reports appended to project proposals transform capital expenses into compelling investment opportunities.
• Sustainable Real Estate Manager® On-demand commercial and industrial building energy and sustainability performance assessment, benchmarking, underwriting, and measurement and verification platform launched by SRS in 2010 as one of its inaugural offerings.
• PACEcheck™ Prequalification Report Contractor-facing tool used to screen potential C-PACE opportunities from existing customer databases and determine project eligibility during the project origination stage.
• Project Scenario Report (PSR) Report enabling contractors and building owners to understand the value of a comprehensive project scenario, reviewing project economics and cash flow projections to optimize project scope and economics.
• Project Finance Report (PFR) Technical underwriting report prepared by SRS to facilitate finance closing, ensuring all stakeholder underwriting requirements are met across the project's lifecycle.
• Mortgage Holder Consent Report Report that includes key financial and technical data required to assess the project's impact on building owner's mortgage repayment ability and collateral value, facilitating mortgage holder consent for C-PACE financing.
• Commissioning and Measurement & Verification (Cx and M&V) Plans Post-construction commissioning and measurement and verification plans ensuring energy savings performance as projected, delivered as part of SRS's technical underwriting services.
• Technical Support Services (TSS) Hands-on technical support services including energy auditing, project optimization, commissioning, and measurement and verification (M&V) plans delivered to contractors, project developers, and building owners across SRS-administered C-PACE programs.
• Project Accelerator Service (PAS) Turnkey technical support service across the entire project lifecycle — from building pre-qualification through project finance closing — initially subsidized by CT Green Bank and provided free to the first 5 approved contractor projects.

Quantifiable outcome

• Over $1.25 billion in C-PACE project financing facilitated nationwide (2025)
• +7 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature7 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• City and County of Denver / EDEN ProgramminorStrategic or Co-development Partner · 1 January 2024SRS designed the Energize Denver Energy Navigation (EDEN) program for the City and County of Denver, representing a next-generation application of SRS's products and services in building energy performance public-private partnerships, optimizing energy savings and environmental/economic impacts.
• Energize Delaware / Delaware Green BankminorStrategic or Co-development Partner · 1 January 2023SRS designed and administers the Energize Delaware Business Technical Assistance (BTA) program, which provides no-cost technical assistance to improve energy efficiency in small and mid-size commercial buildings. This represents a next-generation application of SRS's products and services beyond traditional C-PACE administration.
• Arlington County, VirginiacoreStrategic or Co-development Partner · 1 January 2021SRS partnered with Arlington County to launch the first C-PACE program in Virginia. Arlington County is the first Virginia jurisdiction to enable C-PACE financing. SRS worked with county staff from multiple departments, considering varied interests to craft an excellent program. SRS developed the Capital Provider-Direct C-PACE Assessment Billing and Collections methodology to support the launch, enabling small to mid-size local governments (which lack resources to manage assessment billing and collections) to adopt C-PACE.
• City of Henderson, Nevada / Nevada Clean Energy FundcoreStrategic or Co-development Partner · 1 January 2021SRS partnered with the City of Henderson and the Nevada Clean Energy Fund to administer C-PACE in Nevada. C-PACE is described as a win-win program that lowers utility expenses, increases property value, advances renewable energy deployment, reduces greenhouse gas emissions, and creates local jobs.
• Utah Governor's Office of Energy DevelopmentcoreStrategic or Co-development Partner · 1 January 2017SRS partnered with Utah's Governor's Office of Energy Development to administer the Utah C-PACE program. With SRS's extensive success in administering C-PACE programs nationwide, the partnership aimed to create a robust program locally that leverages market-based approaches to energy financing and capitalizes on best practices throughout the country.
• Colorado Energy Office / New Energy Improvement DistrictcoreStrategic or Co-development Partner · 1 January 2016SRS was competitively selected as the Colorado C-PACE administrator in 2016 and oversaw an open, competitive lending model that makes it possible for a wide variety of capital providers to participate. This program introduced the 'Open Market' model for private capital, enabling building owners to select their preferred capital provider from multiple prequalified firms — an innovation that has served as a model used by C-PACE programs nationwide. Colorado C-PACE reached its 100th project milestone in March 2022 and has closed projects including the Keystone Resorts largest project and historic Canon City Hotel renovation.
• Rhode Island Infrastructure BankcoreStrategic or Co-development Partner · 1 January 2016Rhode Island Infrastructure Bank selected SRS to launch and administer the RI C-PACE program. SRS built the RI C-PACE website, wrote the Program Guidelines, and prepared a detailed communications plan for engaging key stakeholders. The program was positioned for a seamless launch in record time. SRS team members bring experience and technical competence, working in close collaboration with bank staff.
• Connecticut Green Bank (CGB)coreStrategic or Co-development Partner · 1 January 2013Connecticut Green Bank (CGB) partnered with SRS in 2012–2013 to launch the nation's first statewide C-PACE program. SRS drafted the program guidelines in 2012 and led the deployment of the industry's first repeatable and scalable C-PACE project origination process through the contractor channel. This pioneering initiative established proven best practices that serve as the foundation for the most successful C-PACE programs nationwide. Since 2013, the CT C-PACE program has financed approximately 285 projects valued at $153 million.
• Bay Area Regional Energy Network (BayREN)minorStrategic or Co-development Partner · 1 January 2010SRS implemented its C-PACE best practices in the Bay Area Regional Energy Network (BayREN) in California — a regional/local program serving the San Francisco Bay area.
• Portland Development Commission / Multnomah County, OregonminorStrategic or Co-development Partner · 1 January 2010SRS implemented its C-PACE best practices in Multnomah County, Oregon, for the Portland Development Commission's PropertyFit program — a regional/local program serving the Portland metro area.
• ASTM International (Building Energy Performance Assessment Standard E2797)minorStrategic or Co-development PartnerSRS leadership (Anthony Buonicore) serves as chairman of the ASTM Building Energy Performance Assessment (BEPA) Task Group responsible for development of the E2797-15 Building Energy Performance Assessment Standard. SRS's Investor Confidence Project-credentialed quality assurance methodology is aligned with ASTM BEPA standards.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• CleanFund Commercial PACE Capital: CleanFund is a direct C-PACE program administrator and capital provider operating in multiple states. It competes head-to-head with SRS for state program administration RFPs and shares the same building-owner and contractor customer base.
• Nuveen Green Capital (formerly Counterpointe Sustainable Real Estate): One of the largest C-PACE capital providers and program administrators, now backed by Nuveen. Directly competes with SRS in administering state C-PACE programs and underwriting commercial energy efficiency projects.
• Petros PACE Finance: Specialty C-PACE capital provider and program administrator active across multiple states. Competes with SRS on program administration contracts and shares the same contractor and building-owner origination channels.
• Aligned Climate Capital (formerly known as Aligned Energy): Clean energy financing platform serving commercial real estate owners, with overlap in building decarbonization financing and project underwriting comparable to SRS's technical services.

Others

• PACENation: Industry membership organization advancing C-PACE market development. SRS participates in PACENation summits and PACENation sets program standards; while not a commercial competitor, it is the closest ecosystem peer representing the C-PACE market SRS serves.
• Investor Confidence Project (Environmental Defense Fund): Standards body for quality assurance in building energy efficiency projects. SRS's Colorado director previously led ICP, and SRS's methodology is ICP-credentialed; a close enabling-technology peer in the C-PACE underwriting ecosystem.

Broad incumbents

• Greenworks Lending (now part of PNC): Acquired by PNC, Greenworks was a leading C-PACE originator and administrator. Now embedded in a major US bank, it represents the strategic-incumbent pathway SRS could face as C-PACE consolidates with major financial institutions.
• Generate Capital: Large sustainable infrastructure financier investing across distributed energy, building efficiency, and clean transport. Operates adjacent to SRS's C-PACE underwriting domain at scale with in-house technical due diligence capabilities.

Regional players

• Connecticut Green Bank: State-level green bank that sponsored the first C-PACE program administered by SRS. While a partner rather than direct competitor, it operates C-PACE and clean energy finance programs in Connecticut with comparable scope.
• Slipstream: Non-profit energy efficiency program administrator and technical services provider for utilities and state programs. Comparable technical-services profile to SRS, with overlap in building energy benchmarking and program implementation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sustainable-real-estate-solutions-inc--srs-

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds4 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sustainable Real Estate Solutions (SRS)