MFFA, Commerce Announce New Financing Program for Montana Businesses to Receive Energy Efficiency, Water Conservation, and Renewable Upgrades

Today, the Montana Facility Finance Authority (MFFA) and the Department of Commerce announced a new financing program for businesses to save money by installing energy efficiency, water conservation, and renewable upgrades to their buildings.

The Commercial Property Assessed Capital Enhancements program (C-PACE), administered by the MFFA, began on January 1, 2022. C-PACE financing lets business owners use the savings from energy and water efficiency upgrades to cover the cost of installation, allowing them to make major upgrades to their facilities at no net cost to the business. The cost of these upgrades is repaid as an assessment on the property’s annual tax bill, which allows for cheaper financing and better collateral. “The annual energy savings for C-PACE projects are designed to exceed the annual assessment payment, so property owners save money from the start of the program,” MFFA Executive Director Adam Gill said.