Property Evaluation Flashcards
7 cards from real CPACE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Property Evaluation flashcards as text
Which property characteristic can disqualify a building from CPACE eligibility even if it meets all other criteria?
Answer: Having a delinquent property tax account
Most CPACE programs require property taxes to be current; a delinquent tax account signals financial distress and creates priority lien complications.
When evaluating a hotel property for CPACE, which building system typically offers the largest energy savings potential?
Answer: HVAC and building envelope improvements
HVAC systems and building envelope (insulation, windows, roofing) typically account for the largest share of a hotel's energy consumption and savings potential.
What does a 'Measurement & Verification' (M&V) plan add to a CPACE property evaluation?
Answer: It establishes the methodology for confirming actual post-installation savings
An M&V plan defines how actual energy savings will be measured and verified after project completion, providing accountability for projected savings claims.
A CPACE program evaluator reviews a 1960s office building with no prior energy upgrades. What term describes the additional energy reductions attributable solely to the CPACE-funded improvements?
Answer: Net incremental savings
Net incremental savings isolate the energy reductions directly caused by the new CPACE-funded measures, excluding savings from other simultaneous changes.
Under CPACE underwriting standards, which type of property appraisal is generally considered most reliable for determining collateral value?
Answer: MAI-certified independent full appraisal
An MAI-certified full appraisal by an independent state-licensed appraiser provides the most credible and defensible collateral valuation for CPACE underwriting.
Which federal standard is most commonly referenced when evaluating lighting efficiency upgrades in a CPACE project?
Answer: ASHRAE 90.1
ASHRAE 90.1 (Energy Standard for Buildings Except Low-Rise Residential) sets minimum efficiency requirements for commercial lighting and is the benchmark for savings calculations.
A CPACE evaluator discovers that a proposed improvement is primarily cosmetic (e.g., decorative facade painting). How should this be treated in the application?
Answer: Exclude it because CPACE only funds improvements with measurable energy, water, or resiliency benefits
CPACE programs require that funded improvements produce quantifiable energy, water, or resiliency benefits; purely cosmetic work does not meet this standard.