Richmond C-PACE Program Aims to Encourage Clean Energy Updates
Richmond property owners rehabbing or developing commercial properties soon will have a new financial incentive to include clean energy and water efficiency upgrades in their projects.
City Council last week adopted Richmond’s first C-PACE program, formally called a Commercial Property Assessed Clean Energy Financing Program. It allows property owners to pursue 30-year loans to help finance clean energy improvements for both existing buildings and new construction.
