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Virginia Statewide C-PACE (Commercial Property Assessed Clean Energy) Program
Virginia — state programup to 100% of the upfront cost of clean energy projects
C-PACE financing helps owners of commercial and multi-family (five or more units) buildings finance energy efficiency upgrades, disaster resiliency improvements, water conservation measures, or renewable energy installations. Property owners can finance up to 100% of upfront project costs, repaid through a voluntary assessment on their property tax bill. The statewide program, administered by the Virginia PACE Authority, launched in September 2022 and is available to local governments that opt in.
Program details
- Type
- loan
- Amount
- up to 100% of the upfront cost of clean energy projects
- Eligibility
- Owners of commercial and multi-family (five units or more) buildings located in Virginia localities that have passed C-PACE ordinances or opted into the statewide program.
- Status
- open
- Administrator
- Virginia PACE Authority (with technical support from Slipstream), sponsored by Virginia Energy
Source: Virginia — state program. Confirm current terms with the administering agency before applying.