A program to help commercial property owners in Pennsylvania invest in green improvements is moving forward.
Draft program guidelines were released last week for Pennsylvania’s Commercial Property Assessed Clean Energy Program, or CPACE.
CPACE is a tool for property owners to obtain low-cost, long-term financing for energy efficiency, renewable energy and water conservation.
To be eligible for CPACE financing, a project must be located in a county or municipality that has approved CPACE programs within a state that has passed PACE-enabling legislation.
Enabled through the passage of state legislation in July, the program is organized by the Sustainable Energy Fund of Schnecksville, Keystone Energy Efficiency Alliance of Philadelphia, the City of Pittsburgh’s Office of Sustainability and the Philadelphia Energy Authority.
These organizations collaborated to launch the program and develop program guidelines that could be used by any municipality in the state.
The Sustainable Energy Fund is able to administer the program for any municipality that enacts CPACE, with the exception of Philadelphia, which will be administrated by the Philadelphia Energy Authority.
Comments will be accepted on the draft guidelines through Jan. 18. They are available at www.PennsylvaniaCPACE.org.
Guidelines are expected to be finalized by the end of January.