The Commercial Property Assessed Clean Energy (C-PACE) Program is a financing structure enabled by state statute and local ordinance that provides eligible property owners with access to long-term fixed-rate financing for a range of energy efficiency, renewable energy, water efficiency, and resiliency improvements. The program allows local governments to secure the financing via a special improvement assessment on the improved property.
Eligible properties are any privately-owned commercial, agricultural, industrial, or multi-family real property of five (5) or more dwelling units located within the boundaries of the Region (including properties owned by a not-for-profit organization). Ground leases on Eligible Property are permitted, so long as all requirements of the Improvement Special Assessment Ordinance are met, including requiring the Property Owner to enter into an Assessment Agreement. On ground-leased property, therefore, the special assessment and Special Assessment Lien encumber the fee interest in the property, not the ground leasehold.
Los Alamos County Council adopted the C-PACE Ordinance (No. 738(PDF, 429KB)) on February 25, 2025. The Ordinance became effective on April 5, 2025.
Interested commercial entities should go to C-PACE New Mexico website for additional information and guidelines on how to apply.
An enhanced webpage specific to Los Alamos County C-PACE is forthcoming.
An information session for Los Alamos County property owners and tenants will be April 22, 6-7p, at Project Y (150 Central Park Square). This will be a hybrid info session and the Zoom link will be provided soon.