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What is Commercial Property Assessed Clean Energy? Commercial property-assessed clean energy (CPACE) is a financing structure in which building owners borrow money for energy efficiency, renewable energy, or other projects and make repayments via an assessment on their property tax bill.
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Anne Hornyak writes for the Denver Business Journal : Under Colorado’s C-PACE program, a property owner identifies a project that meets the criteria of the program, and applies to the statewide C-PACE special improvement district, called the Colorado New Energy Improvement District, or NEID, for approval to be included in the program.
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Colorado’s commercial PACE program offers a financial tool to help spur energy efficiency and renewable energy investments in our state’s building infrastructure, providing long-term utility savings, while stimulating the economy," said Paul Scharfenberger, chairman of the New Energy Improvement District board.
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Colorado Commercial Property Assessed Clean Energy (C-PACE) is a financing tool that allows commercial and multifamily property owners to finance qualifying energy efficiency, water conservation, and other clean energy improvements on existing and newly constructed properties, with repayment of the financing through a voluntary assessment on their property tax bill.
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Colorado C-PACE is a financing tool, available to Pueblo County business, that allows commercial and multifamily property owners to finance qualifying energy efficiency, water conservation, and other clean energy improvements on existing and newly constructed properties, with repayment of the financing through a voluntary assessment on their property tax bill.