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Subcommittee approves technical changes to Virginia’s commercial PACE program
2124123 · January 16, 2025
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Summary
House Bill 1819 passed the County, Cities and Towns Subcommittee 6–1; the bill clarifies recording-tax treatment, condo language, and expands retroactive financing from two to three years for Commercial Property Assessed Clean Energy (CPACE) financing.
House Bill 1819, which makes targeted changes to the Commonwealth’s Commercial Property Assessed Clean Energy (CPACE) program, passed the County, Cities and Towns Subcommittee No. 2 by a 6–1 vote.
Sponsor Delegate Reid described the bill as cleanup and efficiency changes to the existing CPACE framework in use by…
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