State CPACE manager urges Burke County to opt into commercial PACE program
EDP& C and the state program manager briefed commissioners on Commercial Property Assessed Clean Energy (CPACE) financing under SB 802, explaining voluntary opt-in resolutions, eligible commercial uses (energy efficiency, resiliency, water conservation) and lender mechanics; board moved the resolution of intent to a public hearing in September.
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Representatives from EDP& C and the state CPACE program manager briefed the board about Commercial Property Assessed Clean Energy (CPACE) financing under Senate Bill 802. The presenters described CPACE as a state-enabled tool that allows private property owners to secure long-term financing for commercial capital expenditures — not residential 1–4 family properties — secured by a voluntary assessment (a CPACE lien) at the county level.
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