Will County Establishes Commercial Property Assessed Clean Energy (C-PACE) Program
In a continued effort to spur economic development, sustainability, and create jobs, Will County is establishing a C-PACE (Commercial-Property Assessed Clean Energy) program. C-PACE is a financing mechanism that offers low-cost, long-term funding to local businesses for energy efficiency, renewable energy, water conservation, electric vehicle charging and other clean energy projects.
“It is great to see Will County lead in sustainability and economic development by establishing our own C-PACE Program,” said County Executive Jennifer Bertino-Tarrant.
The State of Illinois adopted the C-PACE program in 2019 and is one of 37 states in the nation to offer this financing. Examples of qualified projects include insulation in walls, roofs, floors and foundations, solar thermal energy systems, and storm water mitigation infrastructure.
“This program will provide financial support to local businesses for energy efficiency and renewable energy projects that maybe were not affordable before,” said Bertino-Tarrant.
The C-PACE program is being offered through a partnership with the Illinois Energy Conservation Authority (ICEA), a not-for-profit organization committed to offering this cost-saving program to the Chicagoland area. Interested businesses should visit the website, www.iecaPACE.org.