C-PACE Clean Energy Program Celebrates First Anniversary

State officials are preparing to celebrate the first anniversary of the C-PACE Clean Energy Program, designed to help manufacturers and other businesses make energy efficiency improvements or add renewable energy improvements to their buildings.

Sixteen properties owned by about a dozen people have benefited from the launch of the Commercial and Industrial Property Assessed Clean Energy or C-PACE program launched by the Clean Energy Finance and Investment Authority (CEFIA) in January 2013, David Goldberg, a spokesman for the state agency, said Friday.

CEFIA, the state agency responsible for promoting clean energy in Connecticut, will celebrate C-PACE’s first birthday belatedly with an event at the Bushnell Theater in Hartford Tuesday night.

C-PACE allows building owners to finance qualifying energy-saving and clean energy improvements through placing a voluntary assessment on their property tax bill. Property owners pay for these improvements over time through the additional charge on their property tax bill; the repayment obligation transfers automatically to the next owner if the property is sold.

Date Posted: 3/11/2014