Program Updates
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Georgia: Georgia has recently passed a bill authorizing C-PACE throughout the entire state. The City of Atlanta is currently active, and the remainder of the state should be active later this year.
Idaho: Idaho passed legislation to enable a C-PACE program to be created. We expect the program will be active later this year.
Michigan: Michigan approved a new bill allowing for resiliency measures to be included in PACE financing. This bill will increase the amount of a project that can be financed through PACE.
Minnesota: The C-PACE program in Minnesota is eliminating Savings to Investment Ratio, going from 20 years to 30, and increasing Loan to Value from 20% to 30%, awaiting the Governor’s signature.
New Mexico: New Mexico C-PACE Program launches website, statewide program administrator now in place.
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