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Alaska C-PACE (AK C-PACE) is a framework for local governments in Alaska wishing to establish commercial property assessed clean energy (C-PACE) progams. C-PACE is an innovative clean energy financing tool that provides access to 100% upfront capital for building owners who want to upgrade their buildings with more energy efficient systems.

AK C-PACE is an initiative facilitated by the Alaska Energy Authority and supported by an Advisory Group of stakeholders from across the state. AK C-PACE has been designed to expand access to clean energy financing to ensure a sustainable future for all of Alaska.

What is C-PACE?

Commercial Property Assessed Clean Energy (C-PACE) financing is a form of long term, low-interest financing enabled by state and local government legislation. C-PACE financing drives private sector investment in local communities, creates energy efficiencies and energy jobs, helps local governments meet efficiency and clean energy standards, and lowers the cost of energy in Alaska. C-PACE… Continue reading What is C-PACE?

C-PACE Program Design Process

The Alaska C-PACE program platform was designed through an extensive stakeholder effort that involved over 80 participants from numerous sectors including real estate, banking, construction, and local government. The program design process was facilitated by the Alaska Energy Authority (AEA) and funded by the U.S. Department of Energy. The enabling legislation for C-PACE (HB 80)… Continue reading C-PACE Program Design Process

Establishing a C-PACE Program

HB 80 was signed into law August 2017, and codified at AS 29.55.100 – .165 (“the C-PACE Act”), which allows local governments to create and manage C-PACE programs. The following documents are required by the C-PACE Act for a local governments to establish a C-PACE program within its jurisdictional boundaries (“AK C-PACE Documents”): The AK… Continue reading Establishing a C-PACE Program

“Alaska’s local governments need all the tools necessary to meet local needs. C-PACE is an effective mechanism to help to address clean energy and energy efficiency improvements in a community. AML [Alaska Municipal League] is glad to see programs developed in response to enabling legislation, and looks forward to beneficial outcomes.”

Nils Andreassen, Executive Director, Alaska Municipal League

“PACE is a smart financing tool that lowers the cost of building revitalization, stimulates job creation and reduces energy costs for our businesses. It’s a win-win-win.”

Shaina Kilcoyne, Energy & Sustainability Manager, Municipality of Anchorage