Commercial Property Assessed Clean Energy (C-PACE); changes to financing program, definitions.
It became law on Mar 21, 2025.
- Stage
- Became law
- Started in
- House
- Sponsor
- 1
- Latest action
- Mar 21, 2025
What it does
C-PACE financing programs. Makes several changes to the Commercial Property Assessed Clean Energy (C-PACE) financing program, including adding a definition of property owner to include a lessee and providing that the lessee may also be eligible for a C-PACE loan by complying with certain conditions, including consent of the fee simple property owner. The bill also (i) changes from two years to three years from a locality's issuance of a certificate of occupancy the time period within which a local C-PACE ordinance may allow submittal of a loan application and (ii) provides that a locality agrees to execute a locality agreement within 30 days of the adoption of the ordinance that opts them…
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
Once a bill is decided, the questions are about what is done with it in Virginia.