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Cascade County, Montana approves financing program for energy related projects – CPace – What is your county doing?

March 22, 2022 /

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CPACE-Financing

County Commissioners voted unanimously during their March 22 meeting to create a county-wide Property Assessed Capital Enhancement program.

The program was established during the 2021 Legislature and allows local governments to “designate an area of the territory of the local government as a district within which an authorized local government official and the record owners of a privately owned commercial or industrial facility, covered multifamily housing accommodation…or agricultural property may enter into written contracts to impose assessments on the property to repay the financing by the owners of energy conservation projects,” as defined under state law.

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

Impact on Montana’s Economy if 15% of qualified commercial facilities in Montana utilized this program.

$2 Billion – Total Market Size

39,000 – Job Years Created

$5 Billion – Estimated Economic Output

4 Metric Tons – Carbon Reduction

9 Billion – kWh saved


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