County requests more research on CPACE financing after developer briefing

Dec 4, 2024

A presentation on Commercial Property Assessed Clean Energy (CPACE) financing prompted interest but not immediate action; commissioners asked staff to research administration models used in other Nevada jurisdictions and requested a follow-up with a CPACE representative.

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Mitch Shanks of Shanks Enterprises (S6) presented the CPACE program, which provides long-term, property-secured financing for eligible energy- and water-efficiency improvements and, in some cases, new construction. Shanks described program mechanics including a one-time program-administration fee and the use of a program manager to perform application processing and quality assurance.

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