C-PACE Financing in Virginia
Wednesday, September 27 at 12:00 PM EDTShow Time in My Time Zone
Join the VAEEC for the next webinar in our ongoing webinar series: Commercial Property Assessed Clean Energy (C-PACE) Financing in Virginia.
C-PACE financing provides building owners 100% funding for energy efficiency, renewable energy, and water efficiency projects. In Virginia, all privately-owned commercial, nonprofit, and multifamily buildings (with five or more units) are eligible for C-PACE improvements, which include construction and building renovations, deferred capital projects such as HVAC equipment, roofs, and antiquated lighting, and single measures like ground-mounted solar. C-PACE offers an array of benefits that serve property owners, localities, contractors, and lenders.
This webinar will include:
-A brief overview of the basics of C-PACE financing
-Value proposition for building owners, localities, contractors, and lenders
-Discussion on how PACE works using examples from across the country
-An update on the status of C-PACE across the Commonwealth, including Arlington County's C-PACE program
-Scott Dicke, Arlington C-PACE / Sustainable Real Estate Solutions, Inc. (SRS)
-Susan Elliott, City of Charlottesville
-William Nusbaum, Williams Mullen
Scott Dicke is Sustainable Real Estate Solutions’ (SRS) C-PACE program director for the Commonwealth of Virginia, bringing more than 15 years of experience in consulting, information services, energy services, and commercial real estate to the role. SRS partners with state and local governments to administer C-PACE programs nationwide, and as director Scott creates awareness about the program, models various project scenarios to ensure maximum energy efficiency and utility cost savings, and conducts post-project inspections to ensure that energy-saving measures were installed as proposed. SRS has partnered with Arlington County to the launch the first C-PACE program in Virginia (planned for Fall 2017). That program has been designed to enable other Virginia jurisdictions to quickly launch their own C-PACE program at no cost by leveraging the infrastructure put in place in Arlington.
Susan Elliott works on the City of Charlottesville’s Climate Protection Program, which aims to support community-wide greenhouse gas reductions. Providing tools, resources, services, and programs that can assist the City’s residents, businesses, and non-profits to use less energy and switch to cleaner energy sources is a key focus. The City of Charlottesville has been tracking the evolution of C-PACE in Virginia and is working towards implementing a program that is well-suited for a smaller community (of approximately 50,000 residents) with property owners who operate in multiple jurisdictions.
Bill Nusbaum is an experienced commercial real estate and municipal bond attorney with the Norfolk office of Williams Mullen. Over the past five years, he has been active in promoting PACE at the Virginia General Assembly, on Virginia Department of Mines, Minerals and Energy initiatives, and with local economic development professionals and commercial real estate developers.
This webinar is free and open to VAEEC member and other interested parties. Registration is required.
Thank you to our sponsor, Williams Mullen, for supporting this webinar!