Delaware County Council has unanimously voted to approve a resolution to implement Commercial Property Assessed Clean Energy (C-PACE).
Council members approved C-PACE to help owners of commercial property with energy and water conservation projects. This program will also allow Delaware County property owners to access long-term loans to pay for renewable energy systems, energy efficient equipment, and fixtures that reduce water consumption.
Commercial Property Assessed Clean Energy (C-PACE) is a financing tool that enables building owners to obtain low-cost, long-term financing for energy efficiency, water conservation, and renewable energy projects. Benefits of financing through C-PACE include up to 100% financing and terms of up to 30 years to match project payback periods.
C-PACE allows building owners to:
• Take control of energy costs to save money and increase their bottom line
• Invest in upgrades that improve your building, making your facility more enjoyable and attractive for you, your employees, tenants, or customers
• Finance 100% of green energy upgrades determined by you and your consultant
To learn more about the Delaware County program visit DelawareCountyCPACE.org