What is 'interest rate risk' in the context of long-term CPACE financing?
-
A
The risk that local property tax rates will increase during the assessment period
-
B
The risk that energy costs will fluctuate, reducing projected savings over time
-
C
The risk that rising market rates make existing fixed-rate CPACE investments less competitive relative to new investments
-
D
The risk that contractors will charge higher rates if inflation increases mid-project