Missoula County approves green energy financing plan. Steps to take and people to consult with.
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
Montana Facility Finance Authority
Hope that helps!
|Diana Maneta (she/her)|
|Sustainability Program Manager|
|COMMUNITY AND PLANNING SERVICES|
C-PACE is for commercial properties including multi-family of four units or more so the property you mentioned below would qualify for the C-PACE loan. The first step is getting an energy assessment done on the property to see what improvements would qualify for C-PACE. If you go to our website you can see what qualifies: http://www.lastbestPACE.com For C-PACE to be utilized, the amount of the savings on the improvements/equipment has to equal or be greater than the cost of the improvements so not all upgrades would qualify, i.e. if a window upgrade is $50k but over a 20-25 year term the savings are only $25k, that would not qualify for C-PACE. We can bundle all energy and water upgrades together so even if windows do not net out, if we include LED lights and a high-efficiency furnace that does provide good savings, we can try and get all improvements to a net neutral amount. The first step is looking at the property and seeing what improvements make sense and if they are financially viable.
The list of firms that can do an energy analysis can also be found at this link: https://deq.mt.gov/energy/Programs/statebuilding. These firms have been approved by DEQ for their programs and meet our standards as well. With an audit in hand you can choose what options you want to implement and the financing will be designed around that. We’re happy to discuss C-PACE with the engineers or any other group you’re working with on the project. Seth Lutter
CPACE is available to commercial, agricultural, industrial, nonprofit or multifamily properties with four or more homes, for projects costing at least $50,000. Property owners who opt in pay off the installation cost using a loan tied to their property taxes.
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