Click Here for a sponsor summary of the bill.
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.
The meeting will be held in Room 8E-B East Wing starting at 9:30 a.m. Click Here to watch the meeting live.
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:
-- Iconic Philly Met Uses C-PACE Financing For $6 Million In Energy Efficiency Investments
-- Germantown Daycare First Solar Project Financed By Philadelphia C-PACE
[Posted: September 27, 2021] PA Environment Digest
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