Commercial PACE (Property Assessed Clean Energy)

PROGRAM BACKGROUND

In 2015, the County adopted Bill 6-15 which established a Commercial Property Assessed Clean Energy “C-PACE” Program which is designed to assist qualifying commercial properties with financing for clean energy improvements. The C-PACE loan from a private lender is paid back through annual surcharges on the property tax bill. This loan stays with the property and any subsequent owner continues to pay the surcharge until the loan is fully paid.

The Program was awarded the National Association of Counties (NACo) achievement award in 2017 in the category of Fiscal Management.

PROGRAM ADMINISTRATOR

The County is excited to announce that the Montgomery County Green Bank is now the Program Administrator beginning in April 2021. For more information, please see the below press release:

https://www2.montgomerycountymd.gov/mcgportalapps/Press_Detail.aspx?Item_ID=34064

PROGRAM RESOURCES

Montgomery County Code – C-PACE Program Law
Montgomery County Green Bank – C-PACE Program Webpage
FY 2021 C-PACE Annual Report
 

Additional Information:
For additional information on this Program and how it relates to other County Energy Programs and Initiatives, please visit the County’s Department of Environmental Protection C-PACE Webpage click here.

Contact: David Crow, Department of Finance 240-777-8859
David.Crow@montgomerycountymd.gov