Philadelphia Energy Authority Launches C-PACE Program
Philadelphia has launched a Commercial Property Assessed Clean Energy (C-PACE) program to help kickstart the commercial solar market in Philadelphia and support both new construction and retrofit projects to install more energy efficient equipment. C-PACE will help the City meet its carbon reduction goals, create jobs, and provide significant utility savings for participating buildings.
PEA is the Program Administrator for Philadelphia’s C-PACE Program. It has been engaged in a yearlong statewide stakeholder process to facilitate feedback and ideas from residents, lenders, commercial property owners, other government entities and others. As Program Administrator in Philadelphia, PEA will review and approve applications, manage billing, file liens, and perform other general administrative duties.
Pennsylvania was the 36th state to authorize the creation of C-PACE financing when Governor Tom Wolf signed it into law on June 12, 2018. With the leadership of Councilmember Green, Philadelphia City Council authorized C-PACE for the City of Philadelphia on July 20, 2019 and assigned PEA as Program Administrator. The bill was signed into law by Mayor Kenney on August 14, 2019.
Read the full story here: https://philaenergy.org/pea-launches-philadelphia-c-pace/