While Commercial Property Assessed Clean Energy (C-PACE) financing is available in numerous states with similar eligibility criteria, some states have unique requirements or implementations worth noting:
- Georgia: C-PACE is currently available only in Atlanta through Invest Atlanta. The rest of Georgia is working towards adopting a statewide program following the passage of House Bill 206 in April 2024.
- New Jersey: Despite not being fully operational statewide, New Jersey’s Garden State C-PACE program requires prevailing wages for all projects, including refinancing. This requirement is unique compared to other states.
- New Mexico: C-PACE is available in several specific counties and municipalities, including Bernalillo, Santa Fe, and Taos County, as well as the cities of Albuquerque, Taos, and Santa Fe.
- North Carolina: New Hanover County became the first municipality to adopt C-PACE financing in February 2025, with a statewide program facilitated by the Economic Development Partnership of North Carolina.
- Minnesota: Minnesota’s program, MinnPACE, allows for 100% financing of projects, including hard and soft costs, with a unique funding structure involving local credit unions and national funding sources. Payments are incorporated into property taxes.
Overall, while many states offer C-PACE financing with similar features, local regulations and available programs can vary significantly.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-states-with-unique-c-pace-financing-requirements/
