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Madison County board directs staff to draft ordinance enabling CPACE financing
Summary
After a presentation from the Virginia PACE Authority, the Board voted to direct staff to draft a local ordinance to enable Commercial Property Assessed Clean Energy (CPACE) financing, with guidance to avoid county administrative costs or financial liability.
The Madison County Board of Supervisors voted to direct county staff to prepare an ordinance to enable Commercial Property Assessed Clean Energy (CPACE) financing after a presentation by Abby Johnson, executive director of the Virginia PACE Authority.
Johnson told the board the Authority administers the statewide CPACE program and works with property owners, lenders and local governments to finance energy-efficiency, renewable-energy and resilience measures. "We are the administrators for, the, commercial property assessed clean energy program for the state of Virginia," she…
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