Delaware Governor Signs Law Enabling C-PACE, Another Boon For Industry

Delaware Governor John Carney signed Senate Bill 113 into law on Wednesday, August 29, enabling Commercial Property Assessed Clean Energy (C-PACE) financing in Delaware. Once implemented, PACE will offer a new method for financing commercial energy efficiency and renewable energy projects. Photo credit: Energize Delaware/DSEU

Last week, Delaware Governor John Carney made Commercial Property Assessed Clean Energy (C-PACE) available in his state when he signed Senate Bill 113, and I commend him for taking this important step forward.

Gov. Carney said that offering another method of financing for energy projects will help Delaware improve its economic development, lower energy costs and greatly reduce greenhouse emissions.

This a major victory for commercial properties pursuing critical energy upgrades in Delaware, as they can now be backed by an investment mechanism that offers 100% financing. Not only will this C-PACE program create jobs for the people of Delaware, it will also enhance the state’s clean energy portfolio as more commercial properties adopt C-PACE financing.

I look forward to watching Delaware join the ranks of other established PACE programs, as it builds its program design county by county. Delaware joins other states in the Mid-Atlantic region that are embracing C-PACE, including Pennsylvania and North Carolina.

As these states continue to establish C-PACE programs, Petros PACE Finance will be there along the way to facilitate financing and provide resources for C-PACE best practices.

Mansoor Ghori
CEO, Petros PACE Finance

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