Baltimore County has become the 18th jurisdiction in Maryland to use C-PACE financing to boost local economic development and improve energy efficiency. Towson Commons, a mixed-use development of retail and office space used C-PACE to finance a large installation of energy-efficient LED lighting throughout the property. This lighting project alone is projected to result in over $1.7 million in net energy savings. This project was financed by Greenworks Lending, which has funded C-PACE deals in many other jurisdictions around the Mid-Atlantic. The Maryland PACE Program is sponsored by the MD Clean Energy Center and administered by PACE Financial Services. Get the full story here: https://www.
During a May 1 2019 budget meeting, Alexandria City Council approved the FY2020 budget, which includes approval of start-up costs for a C-PACE program. This first step will lay the groundwork toward getting a program officially launched in the city. The C-PACE program will promote local economic development through use of high performing energy efficiency, water conservation, renewable energy, resiliency measures in commercial buildings, advancing the goals adopted as part of the City's Environmental Action Plan. Next, the City will look to enact a C-PACE ordinance and determine its approach to program administration. This is the latest development of the Northern Virginia C-PACE market, as
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