We have updated our Privacy Policy and Terms of Use. By accessing or using this Website, you accept and agree to be bound by our Privacy Policy and our Terms of Use.
If you do not agree with our policies, do not access or use our website. Our Privacy Policy explains the types of information we may collect from you or that you may provide,
as well as our practices for collecting, using, maintaining, protecting, and disclosing that information.
Accept

Advocacy


Published on Jan 20, 2020

Bill proposes C-PACER financing option

Contact: Logan Bahr, Maggie Carol

Two companion bills related to energy efficiency financing have been introduced.

HB 2405 (with companion bill SB 6222) authorizes a commercial property assessed clean energy and resiliency program (C-PACER) to ensure that owners of commercial properties (including agricultural, industrial, and multifamily residential properties) can obtain low-cost, long-term financing to make energy efficient improvements.

C-PACER uses borrowed capital to pay for the upfront costs associated with energy efficiency or renewable energy improvements. Unlike other project financing, the borrowed capital is repaid over time via a voluntary tax assessment. Public funding is not necessary to run a C-PACER project. Although HB 2405 authorizes C-PACER programs, counties can choose to implement a local C-PACER program.

 

Dates to remember


HB 2405 is scheduled for a public hearing in the House Local Government Committee at 10 am on January 21.

SB 6222 is scheduled for a public hearing in the Senate Environment, Energy, & Technology Committee at 8 am on January 22.

  • Advocacy
  • Public works & infrastructure

 

Recent articles


Related content

bill-iconAWC's bill tracker

Visit AWC’s bill tracker to learn about legislation with city impacts this year.

Copyright © 2018-2025 Association of Washington Cities