Delta County Opts in to C-PACE

20 Dec 2016 3:26 PM | Deleted user

Delta County Board of County Commissioners voted to opt Delta County in to the C-PACE program.  See: http://www.cpace.com/  C-PACE stands for Commercial Property Assessed Clean Energy. Delta businesses (commercial, industrial, agricultural, government & nonprofit) can take advantage of long-term financing for energy efficiency, renewable energy installations, and water conservation projects with no upfront costs.C-PACE allows building owners to finance qualifying energy efficiency and clean energy improvements through a voluntary assessment on their property tax bill. Property owners pay for the improvements over time through this additional charge on their property tax bill, and the repayment obligation transfers automatically to the next owner if the property is sold. Capital provided under the C-PACE program is secured by a lien on the property, so low-interest capital can be raised from the private sector.  This program will open up new opportunities for energy efficiency and renewable energy assessment and planning work in Delta County. Stay tuned for more info on this program.

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