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Las Cruces approves CPACE program to let commercial property owners finance energy and resilience upgrades
Summary
Council voted to allow the statewide Commercial Property Assessed Clean Energy program (CPACE) to operate in Las Cruces under the Improvement Special Assessment framework created by HB228; proponents said CPACE provides long-term, property-secured financing for energy efficiency and resilience measures and does not use public funds.
The Las Cruces City Council voted Sept. 2 to allow the Commercial Property Assessed Clean Energy (CPACE) program to operate within city limits under the Improvement Special Assessment framework established by New Mexico House Bill 228.
Why it matters: CPACE lets commercial, agricultural, industrial and eligible multifamily property owners finance energy-efficiency, resilience and clean-energy upgrades with fixed, long-term, property-secured financing that can cover direct and indirect project costs.
Isaac Col…
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