September 18, 2023 agenda request for Board of County Commissioners meeting
Commercial Property Assessed Clean Energy & Resiliency (C-PACER) Program: A financing tool for more efficient, resilient commercial and multi-family properties.
What is C-PACER?
Commercial Property Assessed Clean Energy and Resiliency (C-PACER) Program is an innovative financing mechanism to help commercial, industrial, agricultural and multi-family buildings become more efficient and resilient.
C-PACER does not use any government funds, it is a loan agreement between a private lender and the property owner, like a mortgage or home improvement loan. The unique part about C-PACER financing is that the county records the loan as a lien on the property, which means that if the property owner sells the building, the assessment stays with the building (unless the payoff is part of the sale agreement).
Benefits of C-PACER
Save money by lowering utility bills and energy costs
Reduce your building's footprint by lowering greenhouse emissions
Longer loan-payback terms can make C-PACER-funded improvements cash-positive sooner than traditional loans
C-PACER loans rarely require cash up front, making them more accessible
Lower interest rates make C-PACER loans more affordable
Creates local jobs through the funding of new efficiency and resiliency projects
Examples of Qualified Improvements
Improvements to eliminate the use of fossil fuels
Electric vehicle charging infrastructure
Renewable energy improvement such as smart meters
Improvements to conserve water
Flood mitigation improvements
Stormwater management improvements
Fire detection and suppression
Wildfire and wind resistance
The Jefferson County C-PACER Program is available for all eligible properties within incorporated and unincorporated Jefferson County. Qualified projects must be located within the jurisdiction of Jefferson County. Eligible properties include privately-owned commercial, industrial or agricultural real property or multifamily residential real property with five or more dwelling units.