C-PACE financing is available in 40 states and the District of Columbia, but some states have seen more activity and investment than others. Here are some states where C-PACE financing is particularly popular or has notable developments:
- California: C-PACE programs are well-established in California, offering financing for energy efficiency, renewable energy, and resiliency projects. However, specific data on its popularity compared to other states isn’t detailed in the available sources.
- Delaware: All three counties in Delaware have enabled C-PACE financing, with substantial investments made in recent years. For example, in 2021, three projects were financed for $17.9 million, and in 2022, two projects were financed for $15.2 million.
- Illinois: Illinois has a strong C-PACE program, with a significant number of participating counties and capital providers. The state has seen multiple transactions, particularly around major metro areas.
- Georgia: While C-PACE financing is currently available only in Atlanta, the state is moving towards creating a statewide program, indicating growing interest in this type of financing.
- Idaho: Idaho has a fully operational C-PACE program allowing for energy efficiency, renewable energy, water conservation, and resiliency projects across new and existing commercial properties.
- New Mexico: C-PACE financing is gaining traction in New Mexico, with significant projects completed, such as the Modern Elder Retreat Center in December 2024.
These states and others continue to develop and expand their C-PACE programs, catering to the increasing demand for energy-efficient and sustainable commercial property upgrades.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-specific-states-where-c-pace-financing-is-particularly-popular/
