Senate Committee OKs Bill Expanding C-PACE Clean Energy, Energy Conservation Program

On September 29, the Senate Community, Economic and Recreational Development Committee amended and reported out Senate Bill 635 (Yudichak-I-Luzerne) which expands the Property-Assessed Clean Energy Program-- C-PACE-- to include multifamily buildings, indoor air improvements and resiliency measures.

Click Here for a sponsor summary of the bill.

The bill now goes to the full Senate for consideration.

The current C-PACE Program adopted under Act 30 of 2018 facilitates long-term financing for energy efficiency, water conservation and renewable energy projects for agricultural, commercial, and industrial properties.

C-PACE provides business property owners access to low-interest, long-term loans for clean energy and clean water projects that are repaid as property tax to benefit the community.

In its first full year of existence in Pennsylvania, four C-PACE projects were completed for a total investment of $18 million of private capital. These investments allowed for enhancements to the energy and water efficiency of the properties. 

The list of projects currently “in the pipeline” statewide stands at $225 million, according to Sen. Yudichak.

Visit DEP’s C-PACE Program webpage or the Pennsylvania C-PACE website for more information.

Sen. John Yudichak (I-Luzerne) serves as Majority Chair of the Committee and can be contacted at 717-787-7105 or send email to: John@pasen.gov.  Sen. Amanda Cappelletti (D-Delaware) serves as Minority Chair and can be contacted at 717-787-5544 or send email to: cappelletti@pasenate.com. 

Related Articles:

-- CCG PACE Funding Closes On $15 Million In C-PACE Financing For Building 57 In Philadelphia's Navy Yard

-- Iconic Philly Met Uses C-PACE Financing For $6 Million In Energy Efficiency Investments

-- Germantown Daycare First Solar Project Financed By Philadelphia C-PACE

-- First PA C-PACE Project: $1.5 Million For Energy & Water Efficiency In Mixed-Use Development In Philadelphia

--Allegheny County Votes To Implement C-PACE Clean Energy Financing Program For Commercial Properties

[Posted: September 29, 2021]  PA Environment Digest