C-PACE is smart business
We’ve scored a big win for clean energy! This year our legislature passed a bill that sparks new financing opportunities for energy efficiency upgrades on commercial properties. HB 80 establishes a Commercial Property Assessment Energy Efficiency (CPACE)
program in Alaska.
Available in majority of lower 48 states, CPACE programs streamline the way for commercial property owners to partner with lending institutions and municipalities to finance energy efficiency upgrades. If widely used in Alaska, CPACE will ultimately reduce energy costs and carbon emissions across the state. These policies will also create good paying Alaskan jobs in renewable energy and energy efficiency projects for years to come.
Once the Governor signs HB 80 (CPACE) into law, municipalities can adopt the program by ordinance. The Alaska Center will be working with partner groups during the public processes at the local level to support the adoption of CPACE ordinances in Anchorage, Fairbanks, Juneau, Mat-Su and Kenai Peninsula boroughs.
We at The Alaska Center are working with the Governor’s office to host a bill signing event in order to publicize the new opportunity for clean energy financing. In partnership with community groups along the railbelt and in Juneau we are working to create a statewide market for this new program.The widespread use of this clean energy program in Alaska is one way to reduce CO2 emissions and combat climate change. Together we will be educating businesses and consumers on this new opportunity for financing so that Alaskans and Alaskan business owners can use their buying power to work toward real renewable energy solutions.