§ 36-303. Eligible improvements under the C-PACE Program.

(a)

The program shall be available throughout the city, provided that the borrower, the property and the eligible improvements all qualify for the program. The following types of eligible improvements may be financed with a C-PACE loan:

(1)

renewable energy production and distribution facilities (e.g., solar photovoltaic, solar thermal, wind, wave and/or tidal energy and the storage and/or distribution of the energy produced thereby);

(2)

energy usage efficiency systems (e.g., high efficiency lighting and building systems, heating, ventilation and air conditioning (HVAC) upgrades, air duct sealing, high efficiency hot water heating systems, building shell or envelope improvements, reflective roof, cool roof or green roof systems and/or weather-stripping);

(3)

water usage efficiency improvements (e.g., recovery, purification, recycling and other forms of water conservation);

(4)

construction, renovation or retrofitting of a property directly related to the accomplishment of any purpose listed in subsections (i), (ii) or (iii), above, whether such eligible improvement was erected or installed in or on a building or on the ground, it being the express intention of the city to allow eligible improvements that constitute, or are part of, the construction of a new structure or building to be financed with a C-PACE loan; or,

(5)

any other category of improvement approved by program manager or program administrator as qualifying for financing under the C-PACE Act and the program.

(b)

The proceeds of a C-PACE loan may be used to pay C-PACE expenses.

( Ord. No. O-19-047 , § 1, 12-10-19)

( Ord. No. O-19-047 , § 1, 12-10-19)