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

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CPACE-Financing

The Montana Department of Commerce announced today Montana’s first two Commercial Property Assessed Capital Enhancement (C-PACE) districts. Through Commerce’s Montana Facility Finance Authority (MFFA), commercial building owners in Park County and Missoula County will be able to utilize C-PACE financing for energy efficiency upgrades and renewable energy investments for local businesses.

“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.

 

Full Story

 

C-Pace – An Innovative Public-Private Partnership That Expands Access to Energy and Resilience Upgrades For Property Owners in the United States and Around the World

 

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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The first thing is to do an energy analysis.

The C-PACE contact at the state is Seth Lutter with the Montana Facility Finance Authority. His contact info is below. You can also find lots of details about the program at https://lastbestpace.com/.

 

Seth Lutter, CHFP

Associate Director

Montana Facility Finance Authority

Ph: 406-444-5435

[email protected]

 

 

 

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