Norfolk, VA Approves C-PACE Program

NORFOLK, VA – On May 26, 2020, the Norfolk City Council unanimously approved an ordinance that added a new chapter to City Code entitled Commercial Property Assessed Clean Energy (C-PACE) that establishes a C-PACE Financing Program. Norfolk is the first locality in the region to pursue this new innovative financing option. Commercial Property Assessed Clean Energy (C-PACE) is a creative financing option for existing commercial property owners and new construction developers to incentivize investment in energy efficiency, renewable energy, and water conservation projects for commercial and industrial properties. C-PACE allows up to 100% financing of those items via long loan terms. C-PACE loa

Featured Posts
Recent Posts
Archive
Search By Tags
Follow Us
  • LinkedIn Social Icon
  • Twitter Basic Square
  • LinkedIn Social Icon
  • Twitter Social Icon

©2017 by Mid-Atlantic PACE Alliance. Proudly created with Wix.com