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C-PACE – Gallatin County OKs program to help businesses upgrade buildings with renewable energy

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CPACE-Financing

Gallatin County has enacted a program that could make upgrading commercial properties with renewable energy sources more affordable.

The Gallatin County Commission approved the creation of a Commercial Property Assessed Capital Enhancement district — C-PACE for short — on Tuesday.

The entire geographic area of the county is part of the district, according to county documents.

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Commerce Announces Montana’s First Commercial Property Assessed Capital Enhancement Districts (C-PACE)

“This is the first step for businesses to perform energy efficiency and water consumption upgrades to existing buildings or for new construction,” Commerce Director Scott Osterman said. “It’s a great step for Montana businesses, counties, and the state as a whole,” Osterman added.

C-Pace – What is the potential impact on Montana’s economy and climate impact if just 15% of commercial facilities participate?

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“This is a super positive step forward,” Strohmaier said. “It’s been something that has been in the works for many years… It’s great to see Missoula County out on the tip of the spear here getting it implemented in the state of Montana.”

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