We’re pleased to share that the Board of Commissioners has officially approved the resolution to join the North Carolina C-PACE Program. This means the program is now available to all commercial properties in the county, including those within town limits.
What is NC C-PACE?
The North Carolina Commercial Property Assessed Capital Expenditure (C-PACE) Program provides long-term private financing for commercial property improvements focused on:
- Energy efficiency
- Renewable energy
- Water conservation
- Resiliency upgrades
- Improvements addressing safe drinking water
Eligible property owners can access financing for qualifying improvements of up to 35% of the property’s value, helping make efficiency and resiliency investments more achievable.
How It Works
Counties and municipalities voluntarily join the statewide program to provide local property owners access to this financing tool. The Economic Development Partnership of North Carolina (EDPNC) serves as the statewide administrator and works directly with private capital providers to assist interested property owners.
Importantly, participation in the program does not expose local governments to financial or legal liability. After required documents are executed, there is no ongoing administrative burden for the county.
Next Steps
The statewide C-PACE program follows a simple three-step process for participation:
- Adopt a Resolution of Intent
- Hold a public hearing
- Adopt a final Resolution
With approval complete, our county is now fully participating.
Interested in learning more?
For details on how to join, program benefits, and access to relevant documents, we encourage you to review the full program information at the link below.
