C-PACE financing is available in over 40 states, as well as Washington, D.C., but its popularity can vary by state and local adoption. While specific data on the most popular states for C-PACE in new construction projects is not readily available, certain states have seen significant activity or have favorable conditions for C-PACE financing:
- California: Known for its green initiatives, California is likely a strong candidate for C-PACE usage due to its environmental focus.
- Georgia: Although C-PACE is only currently available in Atlanta, efforts are underway to expand statewide, which could increase its popularity for new construction.
- Idaho: With C-PACE available statewide, Idaho offers a friendly environment for commercial property owners to invest in energy-efficient projects.
- New York: Updates to PACE guidelines support new construction, especially in New York City, making it a promising location for C-PACE financing.
These states, along with others like Oklahoma where significant projects have been financed (e.g., Innovation OKC), demonstrate a growing trend towards using C-PACE for new construction projects. However, the popularity of C-PACE can depend on local legislation and community adoption, making it essential to check the current status in specific locations.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-specific-states-where-c-pace-financing-is-more-popular-for-new-construction/
