Commercial PACE Financing and the Special Assessment Process: Understanding Roles and Managing Risks for Local Governments

Commercial PACE Financing and the Special Assessment Process: Understanding Roles and Managing Risks for Local Governments

TitleCommercial PACE Financing and the Special Assessment Process: Understanding Roles and Managing Risks for Local Governments
Publication TypePolicy Brief
Year of Publication2019
AuthorsGreg Leventis, Lisa C Schwartz
Date Published07/2019
Abstract

This issue brief is for local governments that are well-positioned to participate in a commercial property assessed clean energy (C-PACE) program but are looking to inform a decision about whether to join or create a program. This resource addresses two specific barriers these local governments may face regarding C-PACE programs: (1) uncertainty about the likelihood of tax foreclosure on properties in default of C-PACE payments and the risks local governments bear, and (2) uncertainty about the staff labor commitment associated with administering the program, including the execution of the special tax assessment process.

Citation Key31782