Property Assessed Clean Energy (PACE) is a financing mechanism that enables low-cost, long term funding for qualified improvements, including energy efficiency, renewable energy, and water conservation projects. C-PACE is specific to commercial, large multifamily (5+), industrial, and nonprofit properties. Passed in 2020, the Washington C-PACER bill (H.B. 2405) included resiliency ("R") measures, such as seismic improvements and fire/flood protection. The bill authorizes counties to establish and administer C-PACER financial programs.
Currently, the following seven counties in Washington have adopted C-PACER ordinances: Clark, King, Pierce, Snohomish, Spokane, Thurston, and Whatcom.
Name: | RCW 36.165 |
Date Enacted: | 03/18/2020 |
Effective Date: | 06/11/2020 |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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