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Combined Heat and Power Partnership

D.C. PACE Commercial

dCHPP Glossary (PDF) (2 pp, 53K)

Date Last Updated5/15/2013
Incentive TypeCommercial PACE; Loan
Incentive Administrator/Contact OfficeDistrict Department of the Environment - Energy Division
Incentive Initiation Date5/27/2010
Incentive Size and Funding SourceThe District of Columbia offers financing through a commercial PACE program in which the participant agrees to pay a special assessment on the property, collected in the same manner as real property taxes, for the purpose of repaying the loan. The special assessment constitutes a lien on the property senior to all other liens except real property taxes, with similar penalties for non-payment. The program will provide financing for projects costing between $250,000 and $10,000,000; larger and smaller projects will be considered on a case-by-case basis. The term of the repayment is up to 20 years. The Mayor is permitted to authorize the issuance of up to $250 million in bonds to fund the program. The National Capital Energy Fund has been created to serve as the destination of bond proceeds, as well as other federal funding such as Energy Efficiency Conservation Block Grants (EECGBs), which may become available to support the program.
Eligible RecipientCommercial property owners in the District of Columbia.
Eligible FuelDoes Not Specify
Eligible Project Size (MW)Does Not Specify
Minimum Efficiency Required (%)Does Not Specify
Other Selected Eligibility CriteriaThis program permits PACE loans to be used to finance renewable energy projects, as well as a wide variety of energy efficiency improvement projects. Projects eligible for PACE financing include upgrading, repairing, or replacing energy-using systems and equipment, provided that the measurable savings produced exceed the costs on a discounted life-cycle-cost basis. Projects must be located in the District of Columbia, reduce net emissions of green house gases directly or indirectly, reduce energy utility costs, and have an annual savings (less any net incremental cost of operation and maintenance) that exceeds the annual debt service every year for the term of the loan. Installations of renewable energy sources must be done in conjunction with energy-efficiency improvements that result in an ENERGY STAR score greater than 75 or, for properties that are not supported by ENERGYSTAR, reduce energy consumption by more than 10%.
Application Form(s)Initial Application (PDF) (2 pp, 281K)
Resource Website(s) http://www.dcpace.com exit EPA

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