CPACE Property Evaluation 3

Question 1

Which property characteristic can disqualify a building from CPACE eligibility even if it meets all other criteria?

Accepted Answer

Having a delinquent property tax account

Answer

Being located in a commercial zone

Answer

Being owner-occupied

Answer

Having a LEED Silver certification

Question 2

When evaluating a hotel property for CPACE, which building system typically offers the largest energy savings potential?

Accepted Answer

HVAC and building envelope improvements

Answer

Elevator modernization

Answer

Parking lot lighting only

Answer

Kitchen ventilation hoods

Question 3

What does a 'Measurement & Verification' (M&V) plan add to a CPACE property evaluation?

Accepted Answer

It establishes the methodology for confirming actual post-installation savings

Answer

It replaces the need for a preliminary energy audit

Answer

It sets the property's assessed value for tax purposes

Answer

It guarantees the contractor's installation quality

Question 4

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?

Accepted Answer

Net incremental savings

Answer

Gross savings

Answer

Avoided cost basis

Answer

Benchmark energy intensity

Question 5

Under CPACE underwriting standards, which type of property appraisal is generally considered most reliable for determining collateral value?

Accepted Answer

MAI-certified independent full appraisal

Answer

Automated valuation model (AVM)

Answer

Broker price opinion (BPO)

Answer

County assessor's land schedule

Question 6

Which federal standard is most commonly referenced when evaluating lighting efficiency upgrades in a CPACE project?

Accepted Answer

ASHRAE 90.1

Answer

NFPA 101

Answer

ICC 700

Answer

LEED v4.1 BD+C

Question 7

A CPACE evaluator discovers that a proposed improvement is primarily cosmetic (e.g., decorative facade painting). How should this be treated in the application?

Accepted Answer

Exclude it because CPACE only funds improvements with measurable energy, water, or resiliency benefits

Answer

Include it as an eligible improvement because it maintains the building envelope

Answer

Include it if the property owner can demonstrate it improves property value

Answer

Exclude it only if the project is in a Title I CPACE district