C-PACE financing for water conservation measures is available in various states, but the specific terms and availability can vary significantly depending on local regulations and program administrators. Here are some key points regarding C-PACE financing for water conservation projects:
- Eligible Projects: While C-PACE is often associated with energy efficiency and renewable energy projects, some states have expanded its scope to include water conservation measures. This includes projects like turf conversions and the replacement of evaporative cooling systems with more water-efficient technologies.
- States with Favorable Conditions:
- Nevada: Cities like Las Vegas and Henderson have activated their C-PACE programs, which can include water efficiency projects like turf conversions. This financing helps property owners avoid upfront costs and benefit from reduced water bills and maintenance costs.
- Pennsylvania: While not specifically highlighted for water conservation, Pennsylvania’s C-PACE program is well-developed through the Sustainable Energy Fund (SEF), which could facilitate water conservation projects under broader community guidelines.
- Connecticut: Connecticut Green Bank supports C-PACE projects, although specific focus on water conservation measures may require case-by-case review.
- Program Structure: C-PACE financing generally provides up to 100% of project costs, repaid through a property tax assessment over a term of up to 30 years, depending on the useful life of the improvements. This long-term financing structure makes it more affordable for property owners to undertake water conservation projects.
For property owners interested in accessing favorable C-PACE financing for water conservation projects, it’s essential to consult with local program administrators to understand the specific eligibility criteria and offerings in their area.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-specific-states-that-offer-more-favorable-c-pace-financing-for-water-conservation-measures/
