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Board adopts resolution to join North Carolina CPACE program to expand commercial energy, resilience financing
Summary
After a public hearing, the Board unanimously approved a resolution allowing New Hanover County to participate in the statewide CPACE financing program administered by the Economic Development Partnership of North Carolina.
The New Hanover County Board of Commissioners held a public hearing Feb. 18 and voted to adopt a resolution authorizing the county to participate in North Carolina’s commercial Property Assessed Clean Energy (CPACE) program. The board's vote formally allows local commercial property owners to use CPACE financing for eligible energy‑efficiency, renewable‑energy, water‑conservation and resiliency improvements.
County staff described CPACE as a statewide financing mechanism administered by the Economic Development Partnership of North Carolina that permits private lenders to fund up to 100% of eligible capital improvements and recover repayment as a voluntary property assessment. At the hearing staff clarified that the county will not provide funding, will not perform billing or collection functions related to CPACE projects, and that participation does not change county wastewater or discharge rules.
No members of the public registered to speak during the hearing. After the public‑hearing period, a commissioner moved to adopt the resolution and the board recorded a unanimous voice vote in favor.
Supporters told the board the program aligns with the county strategic plan by offering a financing tool for building owners who want to reduce operational costs and improve resilience; staff thanked the City of Wilmington’s sustainability manager for early guidance. The board’s action only authorizes county participation in the program; private financing, project eligibility and repayment terms remain governed by CPACE administrators and lenders.
