Title
Introduction to the Commercial Property Assessed Capital Expenditure (C-PACE) Program
Body
Staff Resource(s):
Aaron Tauber, Office of Sustainability & Resilience
Todd DeLong, Economic Development
Explanation
§ Staff will introduce and provide a summary of the recently authorized Commercial Property Assessed Capital Expenditure (C-PACE) legislation in North Carolina. The forthcoming program will enable commercial property owners to access affordable, long-term financing for energy efficiency, renewable energy, water efficiency, and resiliency upgrades. Staff will provide Committee members with a high-level overview of the program, its benefits, and its potential applications for local economic and sustainability initiatives.
§ Action: Information Only