St. Helena businesses could soon access financing for clean energy upgrades through the Commercial Property Assessed Clean Energy (C-PACE) program, following recent developments enabling its implementation. The program allows property owners to finance qualifying energy efficiency and renewable energy projects with no upfront costs, repaid through an assessment on their property tax bill. C-PACE is designed to overcome common barriers to energy efficiency investments, such as limited access to capital and complex financing structures. While details specific to St. Helena’s implementation are still being finalized,C-PACE programs nationally have supported projects like solar panel installations,HVAC system upgrades,and energy-efficient lighting. The initiative aims to stimulate economic growth, create jobs, and reduce carbon emissions on the island.Further information regarding eligible projects and application processes will be released by local authorities in the coming weeks.
Helena businesses may see clean energy loans through C-PACE
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