Arlington First in Virginia with New Financing Tool for Sustainable Buildings
Arlington County will pioneer Virginia’s first Commercial-Property Assessed Clean Energy (C-PACE) program—a public-private partnership to provide affordable, long-term financing for projects to improve the energy or water efficiency of commercial buildings in the county. Under C-PACE, owners of existing buildings will be able to finance up to 100 percent of the cost of efficiency-enhancing projects, including renewable energy projects, for up to 25 years. Commercial property