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Buncombe County staff explain CPACE financing; board set to consider resolution of intent
Summary
County staff presented Commercial Property Assessed Clean Energy (CPACE), a state-enabled, property-tied financing tool for large clean-energy projects, and recommended adopting a resolution of intent on Jan. 20 with a public hearing and final vote Feb. 3. County staff said legal exposure for Buncombe is minimal.
Jeremiah LaRoy, introduced as a presenter for an NCC-based program, told the Buncombe County Board of Commissioners that CPACE — often called Commercial Property Assessed Clean Energy — is a state-enabled financing tool that places a lien on a property to fund clean-energy and resiliency upgrades.
LaRoy said CPACE loans typically are large and remain with the property rather than the owner: “Repayment obligations are transferred with the property itself,” he said. He described eligible projects as solar, batteries, energy-efficiency measures, HVAC upgrades, resiliency work and water-conservation projects, and said loans…
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