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Taos County staff brief commissioners on CPACE clean‑energy financing option
Summary
County staff introduced the Commercial Property Assessed Clean Energy (CPACE) program and described how an opt‑in ordinance would allow private property owners to access long‑term financing for energy, water and resilience upgrades; staff will consult with Bernalillo County and Adelante Consulting before returning with recommendations.
Jessica Stern briefed the commission on the CPACE (Commercial Property Assessed Clean Energy) program, a financing structure enabled by state statute that allows privately owned commercial, agricultural, industrial and multifamily properties (five or more units) to obtain long‑term, fixed‑rate financing for energy efficiency, renewable energy, water‑efficiency and resiliency improvements.
Stern said counties and municipalities must opt into the program by ordinance and that Adelante Consulting serves as the state administrator to vet applications and coordinate with capital providers. She described potential benefits: long‑term financing, transferability on sale, and the ability to pass costs to tenants where appropriate. Stern noted unanswered questions for Taos County, including the administrative burden on county staff, fee schedules, and the anticipated local demand for CPACE financing. She said staff will follow up with Bernalillo County and Adelante Consulting and return with more detailed recommendations.
What happens next: staff will consult with Adelante Consulting and Bernalillo County to better understand administrative impacts and fees, then report back to the commission at a subsequent meeting.
