Allegheny County Votes To Implement C-PACE Clean Energy Financing Program For Commercial Properties
“County leadership, including County Councilmembers, Director of Economic Development Lance Chimka, and Chair of the County’s Economic Development and Housing Committee Dewitt Walton, recognized the program’s potential as a job-creator and an opportunity to invest in the health and longevity of the built environment. . . .”
“Commercial Property Assessed Clean Energy (C-PACE) is a financial tool for commercial, industrial, and agricultural property owners to obtain low-cost, long-term financing for energy efficiency, renewable energy, and water conservation projects. . . .
“Pennsylvania C-PACE was created through enabling legislation in June of 2018, making Pennsylvania the thirty-fourth state to adopt C-PACE legislation. Four interested public-sector organizations then collaborated to develop a model C-PACE program in Pennsylvania: Keystone Energy Efficiency Alliance (KEEA), Philadelphia Energy Authority, City of Pittsburgh Sustainability Commission, and the Sustainable Energy Fund.
“The model Program Guidelines these organizations released in December of 2018, which Allegheny County will base its C-PACE program on, can be used by any local government in Pennsylvania.”
FULL STORY published September 11, 2019 via PA Environment Digest