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C-PACE Now Active in Union County
LEWISBURG, PA, June 08, 2022 – The Commercial Property Assessed Clean Energy (C-PACE) program now is active in Union County and accepting applications for energy efficiency, renewable energy, and water efficiency projects. The Commissioners approved C-PACE to help owners of commercial, industrial, nonprofit, and agricultural properties with energy and water conservation projects.
The Board of Commissioners adopted the C-PACE resolution and authorized the County to enter into a Cooperative Agreement with SEF for the administration of the Program. The program administrator will include the adoption of Program Guidelines and a fee structure to cover the county’s limited administrative costs.
“Now that a Resolution has been passed, Union County commercial businesses, agricultural interests, and not-for-profits, with the aid of private capital providers, will be able to finance clean energy and water efficiency projects. The C-PACE program, offering as much as 100% financing, will save local constituents money and energy,” said Commissioner Chairman Jeff Reber.
“Sustainable Energy Fund is proud to offer its 20 years of experience in clean energy lending to Union County, allowing them to take advantage of this powerful new energy finance tool for bringing investment, jobs, and clean energy to their communities,” said John Costlow, President of SEF.
Commercial Property Assessed Clean Energy (C-PACE) is a financial tool for property owners to obtain low-cost, long-term financing for energy efficiency, renewable energy, and water conservation projects. C-PACE can facilitate a loan from private capital sources for a project by placing a voluntary special payment on the property’s annual tax bill that repays the cost of the upgrades. Nationally, more than $2 billion has been invested through PACE loans. In Pennsylvania, C-PACE investment could help retrofit one of the nation’s oldest building stocks and accelerate growth in a local energy efficiency industry that already accounts for 65,000 jobs.
For more information on program development, program guidelines, and links to the pre-application, visit https://www.countycpace.org. If you have a project and would like assistance finding a contractor or capital provider, contact SEF at (610) 264-4440.
About Sustainable Energy Fund
Sustainable Energy Fund (SEF), a nonprofit organization, assists energy users in overcoming financial, educational, and regulatory barriers to a sustainable energy future. SEF provides a variety of services including financing energy conservation, energy efficiency, and renewable energy projects; educating the leaders of today and tomorrow to create a passion for sustainable energy; and representing the interests of energy conservation, energy efficiency, and renewable energy in proceedings before the Pennsylvania Public Utility Commission. Visit www.thesef.org.