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Webinar explains Pennsylvania's CPACE program, eligibility, and how projects are financed
Summary
Sustainable Energy Fund and the Philadelphia Energy Authority outlined how CPACE (commercial property assessed clean energy) finances energy, resiliency and indoor-air upgrades, reviewed case studies in Pennsylvania, and answered questions on minimums, timelines and eligible measures such as green stormwater infrastructure.
Elaine Ivasovich Lozada, a representative of the Sustainable Energy Fund, opened a virtual briefing by defining CPACE as "commercial property assessed clean energy," a state-enabled financing tool that lets commercial property owners access long-term funding for energy efficiency, renewable energy, water conservation, indoor-air-quality and resiliency projects.
The webinar explained the statutory framework in Pennsylvania: Gov. Tom Wolf signed Senate Bill 234, creating Act 30 of 2018, which enables counties or municipalities to establish CPACE districts and requires a local enabling ordinance because the program uses the property tax process. A 2022 expansion added indoor-air-quality measures, resiliency projects and multifamily housing (five or more units) to eligible measures, Elaine said.
"CPACE can cover 100% of eligible hard and soft costs," Elaine said, noting that eligible costs can include roof repairs needed to support rooftop solar as well as engineering and design expenses. Repayments are collected through an annual CPACE assessment billed alongside property taxes; the…
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