The establishment of a C-PACE program through a county resolution: A county may establish C-PACE for their jurisdiction. The program may cover any geographic district within the county, though it is recommended that the program cover the entire county.
In Pennsylvania, Act 30 specifically states:
- The program places a charge against the real property within a district which is levied and collected by the county or municipality that establishes the district
- The financing can be public or private and include notes, mortgages, loans, deed of trust, refunding notes or other evidence of indebtedness
- The program applies to a corporation, non-profit, partnership, sole proprietorship, limited liability company or business trust
- Qualifications for contractors and projects
- Financial institutions holding liens, mortgages or security interest in the property must be given written notice and the institution is required to give written consent for the property owner to participate in the program
- Requirements for each project participating in the program
- The assessment is a first and prior lien against the real property
- The lien is recorded with the title
- The lien runs with the land and is not eliminated by foreclosure or property tax lien
- Payment is enforced in the same manner as a property tax lien
A local government can request “C-PACE in a Box” which has a sample resolution, an Executive Summary of the Program Guidelines, a template cooperation agreement, a sample Statement of Levy and Lien Agreement, and other key documents needed to establish a C-PACE program.
Below are links to resource materials for local governments:
Call Sustainable Energy Fund at 610-264-4440 or email [email protected] to find out how you can support C-PACE in your community.