Nov 19, 2020

Commercial Property Assessed Clean Energy (C-PACE) Financing in Virginia

Commercial Property Assessed Clean Energy (C-PACE) provides affordable, long-term financing to commercial property owners to pay for energy efficiency, water efficiency, and onsite renewable energy upgrades. Commercial property owners receive funding for energy savings upgrades and make repayments through their property tax bill. Ideal for private sector projects, C-PACE can be used for new construction, retrofits, and resiliency efforts. As an additional advantage, soft costs like A/E fees are included.

The seminar will cover the following key elements:

What is Commercial Property Assessed Clean Energy (C-PACE) Financing? 
What are the eligible building types? 
What measures and project costs are financeable through C-PACE programs?

How can C-PACE combine with other incentives and financing (utility DSM programs, traditional bank loans, private equity) or programs (Opportunity Zones, Main Street, etc.)? 
How can C-PACE assist building owners with indoor air and environmental quality issues including those associated with COVID-19? I
What is DMME’s role (as the Virginia State Energy Office) in supporting C-PACE program implementation and availability of C-PACE financing in the Commonwealth?

Case studies will also be shared to examine successful projects in Maryland and Washington, D.C. 

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