C-PACE (Commercial Property Assessed Clean Energy) financing is utilized across many U.S. states for renewable energy projects, but its prevalence can vary due to differences in state legislation and program adoption. Here’s a look at some states where C-PACE is noteworthy for renewable energy projects:
States with Active or Expanding C-PACE Programs:
- California: Known for its robust renewable energy focus, California has active C-PACE programs that support solar and other clean energy installations.
- New Mexico: C-PACE financing is available in Bernalillo, Santa Fe, and Taos counties, as well as municipalities like Albuquerque and Santa Fe, making it a hub for renewable energy investments.
- North Carolina: The state has initiated its C-PACE program, with New Hanover County being the first to adopt it. This could increase the prevalence of renewable energy projects.
- Idaho: Legislation allows for energy efficiency and renewable energy projects, potentially increasing the use of C-PACE for these purposes.
Other States with C-PACE Programs:
- Minnesota: The MinnPACE program supports renewable energy systems like solar, wind, and geothermal, alongside energy efficiency upgrades.
- Connecticut: The CT Green Bank offers C-PACE financing for projects including solar panels.
Renewable energy projects make up about 17% of C-PACE investments nationwide, while energy efficiency projects dominate with 55%. Overall, C-PACE financing is available in many states, but the level of adoption and focus on renewable energy can differ significantly from one state to another based on local legislation and market conditions.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-specific-states-where-c-pace-financing-is-more-prevalent-for-renewable-energy-projects/
