Determining which states have the most favorable Commercial Property Assessed Clean Energy (C-PACE) programs can depend on several factors, including program availability, flexibility in term length, availability for new construction, and local regulatory support. Here is an overview of some states with notable C-PACE programs:
Notable States with Favorable C-PACE Programs
1. California
- Program Status: Active
- Max Term: 30 years
- New Construction: Yes
- Available Lookback: 3 years
- Highlight: Known for its strong environmental policies and historical support for PACE initiatives.
2. Colorado
- Program Status: Active
- Max Term: 25 years
- New Construction: Yes
- Available Lookback: 2 years
- Highlight: Efficient administrative processes often make Colorado a favorable environment for C-PACE projects.
3. Connecticut
- Program Status: Active
- Max Term: 25 years
- New Construction: Yes
- Available Lookback: 1 year
- Highlight: The Connecticut Green Bank provides robust support for C-PACE initiatives, facilitating easier program participation.
4. New York
- Program Status: Active
- Max Term: 30 years
- New Construction: Yes
- Available Lookback: 3 years
- Highlight: A well-established program with a variety of capital providers, making it a favorable state for C-PACE financing.
5. Pennsylvania
- Program Status: Active
- Max Term: Max EUL (Effective Useful Life)
- New Construction: Yes
- Available Lookback: 2 years
- Highlight: Active expansion efforts and a growing number of participating counties make Pennsylvania a promising location for C-PACE projects.
6. Illinois
- Program Availability: Depends on local government participation.
- Highlight: Illinois has a large number of participating counties, including major metro areas like Chicagoland, which can facilitate successful C-PACE projects.
When assessing the favorability of a state’s C-PACE program, consider factors such as the availability of long-term financing options, support for new construction projects, and local government cooperation. Additionally, the presence of multiple capital providers and program administrators can enhance the user experience and accessibility of C-PACE financing.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-specific-states-with-more-favorable-c-pace-programs/
