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Fairfax City adopts CPACE ordinance to allow commercial clean‑energy financing
Summary
Fairfax City Council unanimously adopted an ordinance on June 10 to opt into the statewide Commercial Property Assessed Clean Energy (CPACE) financing program; staff said the program is voluntary, not a city tax, and the city will delegate lien enforcement to lenders while supporting marketing and liaison roles.
Fairfax City Council unanimously adopted an ordinance on June 10 to opt into Virginia’s Commercial Property Assessed Clean Energy (CPACE) financing program. Staff said the program, administered by the Virginia PACE Authority, allows private lenders to provide long‑term financing for energy efficiency, resiliency and renewable projects on commercial, industrial and multifamily properties.
Presenting staff described the program as a voluntary special assessment on private property rather than a locality tax: "It is not a public tax and it is not collected by the locality," a staff presenter said. Staff recommended delegating lien enforcement to third‑party lenders and identified internal city roles for program coordination (city manager as program manager, treasurer and city attorney involvement, Economic Development Authority support for marketing).
Council members asked few questions; staff said roughly $150 million was in the program pipeline statewide with about $16 million in loans closed to date, and estimated the city might see one to two projects annually initially. If the ordinance is signed, the city will have about 30 days to sign program and locality agreements and then work to implement onboarding processes and outreach.
Vote: The council passed the ordinance on a unanimous roll‑call vote.
Provenance: topicintro SEG 1350; topfinish SEG 1522.
