Virginia PACE Authority
Virginia PACE Authority is a Williamsburg, Virginia-based non-profit (founded 2019) that administers the state's Commercial Property Assessed Clean Energy (C-PACE) program, enabling commercial property owners to finance energy efficiency and resiliency upgrades through property-tax assessments.
- Company typePrivate
- Founded2019
- HeadquartersWilliamsburg, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Virginia PACE Authority does
Virginia PACE Authority is a Virginia-based non-profit organization that administers a Commercial Property Assessed Clean Energy (C-PACE) program. Founded in 2019 and headquartered in Williamsburg, Virginia, the entity operates with a small staff (1-10 employees) and functions as a public-purpose program administrator rather than a for-profit financial intermediary. Its functional role is to enable commercial property owners in Virginia to access long-term, property-tax-assessed financing for energy efficiency, renewable energy, water conservation, and resiliency improvements, by structuring the statutory framework, certifying capital providers, and processing assessments that are repaid through the local property tax bill.
The business model is characteristic of a C-PACE program administrator: the organization itself does not typically lend capital. Instead, it establishes program guidelines, onboards and oversees participating lenders and contractors, reviews project eligibility, and coordinates the recording of assessments on the property. Revenue is typically generated through program administrative fees, closing fees, or application fees levied on financed projects, rather than through interest spread. Because VPA is structured as a non-profit, surplus is reinvested into program operations rather than distributed to owners.
The company's customer base spans commercial property owners, developers, contractors, and capital providers operating in Virginia. Public materials disclose no product suite, technology platform, or pricing schedule beyond what is implied by the C-PACE administrator role, and the primary website source returned only a loading/verification message, limiting deeper product-level analysis.
Virginia PACE Authority firmographics
Firmographics- Name
- Virginia PACE Authority
- Website
- https://virginiapace.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Virginia PACE Authority is a Williamsburg, Virginia-based non-profit (founded 2019) that administers the state's Commercial Property Assessed Clean Energy (C-PACE) program, enabling commercial property owners to finance energy efficiency and resiliency upgrades through property-tax assessments.
- Ownership category
- akta.pro rank
Virginia PACE Authority industry classification
Industry- Product category
- Clean Energy Financing Administration
- NAICS
- Administration of Environmental Quality Programs (924)
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Energy, Utilities & Natural Resources Regulators (BPAIAOAJ)
- akta.pro secondary industries
- Sustainable/Green Building & LEED Consulting (BPAHAKAG), Sector-Specific Net-Zero Pathways & Benchmarking (hard-to-abate methodologies) (EUABAKAI)
Keywords
Where Virginia PACE Authority is headquartered
LocationHeadquarters
- HQ city
- Williamsburg
- HQ country
- United States
- HQ region
- North America
Markets served
Virginia PACE Authority business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Virginia PACE Authority product offering
Product offeringCore offering
Virginia PACE Authority is a non-profit administrator of Virginia's Commercial Property Assessed Clean Energy (C-PACE) program. It facilitates long-term financing for commercial property owners to fund energy efficiency, renewable energy, water conservation, and resiliency improvements, with repayment secured through a special assessment on the benefited property. The organization operates as the statewide program administrator coordinating between local governments, property owners, and capital providers.
Differentiator
Problem solved
Functional benefit
Products and services
- Virginia C-PACE Program Administration
Companies that use Virginia PACE Authority
Customer profileIdeal customer profiles1 record
Virginia PACE Authority technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Virginia PACE Authority partnerships and signals
Strategic signalRecent moves1 record
Virginia PACE Authority competitors and assessment
Company assessmentDirect peers
- PACE Equity: A direct private C-PACE lender active in Virginia and other states. Directly comparable as a competing source of C-PACE capital for the same pool of commercial property owners, contractors, and local government partners.
- Ygrene Energy Fund: A private C-PACE financing company active in multiple states. Directly comparable because it originates C-PACE assessments for the same types of commercial clean-energy and resilience projects that the Virginia program supports.
- CleanFund Commercial PACE Capital: A private C-PACE capital provider operating across multiple states including Virginia. Directly comparable to Virginia PACE Authority because both originate and administer C-PACE financing for commercial property energy improvements.
- Greenworks Lending: A private C-PACE lender operating nationally, including in Virginia. Directly comparable because it provides C-PACE capital for the same energy-efficiency and clean-energy retrofits that the Virginia PACE Authority's program facilitates.
- Counterpointe Energy Solutions: A C-PACE capital provider and program administrator serving multiple U.S. markets. Directly comparable as a competitor in the C-PACE administration and origination layer for commercial energy projects.
- Nuveen Green Capital: A C-PACE lender backed by a large asset manager, active across multiple states including Virginia. Directly comparable as a deep-pocketed private capital competitor to the state's program administrator.
- Energy Efficient Equity (e3): A C-PACE capital provider offering commercial property assessed financing for energy and resilience projects. Directly comparable as a competitor C-PACE funder operating in overlapping geographies.
- Florida PACE Funding Group: A state-level PACE program administrator in Florida. Directly comparable because it operates the same quasi-regulatory, non-profit-style program administrator role for C-PACE financing in a different state.
Regional players
- Connecticut Green Bank: A state-level green financing authority that administers clean-energy financing programs in Connecticut. Comparable as a public-purpose green financing administrator, though broader in scope than a C-PACE-specific program.
- CaliforniaFIRST: A statewide C-PACE program administrator in California. Comparable because it performs the same C-PACE program administration function in a different state, addressing a similar market need.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks5 records
Key highlights4 records
Customer concentration
Virginia PACE Authority social profiles
Digital presenceVirginia PACE Authority financial estimates
Financial estimateRevenue estimate
Valuation estimate
Virginia PACE Authority leadership team
Management profileNumber of profiles
Virginia PACE Authority funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Virginia PACE Authority M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Virginia PACE Authority
What does Virginia PACE Authority do?
Virginia PACE Authority is a non-profit administrator of Virginia's Commercial Property Assessed Clean Energy (C-PACE) program. It facilitates long-term financing for commercial property owners to fund energy efficiency, renewable energy, water conservation, and resiliency improvements, with repayment secured through a special assessment on the benefited property. The organization operates as the statewide program administrator coordinating between local governments, property owners, and capital providers.
Is Virginia PACE Authority a public or private company?
Virginia PACE Authority is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Virginia PACE Authority founded?
Virginia PACE Authority was founded in 2019. It employs 1 to 10 people.
Where is Virginia PACE Authority based?
Virginia PACE Authority is headquartered in Williamsburg, United States, in the North America region.
Who are Virginia PACE Authority's main competitors?
Direct peers on record are PACE Equity, Ygrene Energy Fund, CleanFund Commercial PACE Capital, Greenworks Lending, Counterpointe Energy Solutions, Nuveen Green Capital, Energy Efficient Equity (e3) and Florida PACE Funding Group. Regional players are Connecticut Green Bank and CaliforniaFIRST.
Does Virginia PACE Authority have an API?
No public API is recorded for Virginia PACE Authority.
What industry is Virginia PACE Authority in?
Virginia PACE Authority's product category is Clean Energy Financing Administration. Its primary akta.pro industry code is BPAIAOAJ, Energy, Utilities & Natural Resources Regulators, with a secondary code of BPAHAKAG, Sustainable/Green Building & LEED Consulting. Its NAICS code is 924 and its SIC code is 6531.