Policy Profile

Commercial Property Assessed Clean Energy

Policy description:

Commercial Property Assessed Clean Energy (C-PACE) is a financing mechanism used by local governments that allows commercial, industrial, and multi-family property owners to finance energy efficiency and renewable energy improvements through their property tax payment. The repayment of qualified energy improvements is done via a voluntary property tax assessment collected by local governments, just as other public infrastructure investments are financed. The financing for PACE projects may be provided by municipal bonds or third party capital secured by the property assessment payments. Repayment responsibility transfers to the next owner if the property is sold. For more information, see the full policy brief.

Download Full Policy Brief View Policy Component Questions

  1. Does the state have PACE enabling legislation?
  2. Is a PACE program in development or was a PACE program developed?
  3. Do active programs exist in the state?
  4. Does the enabling legislation allow both efficiency and renewable energy measures to qualify for funding?