(The Center Square) – Bernalillo County and Albuquerque are the first local governments in New Mexico to pass legislation opting into the New Mexico C-PACE program, according to the state’s Economic Development Department.
New Mexico adopted the C-PACE (Commercial Property Assessed Clean Energy) program in 2023 to help eligible property owners receive long-term financing for many energy-efficient and climate-resilient improvements.
“The financing is then secured via a special improvement assessment on the improved property,” the release said.
EDD contracted New Mexico-based Adelante Consulting Inc. to be the program administrator to certify program applications and work alongside New Mexico counties to increase program participation.
“C-PACE can make all the difference in supporting renewable energy installations, reducing pollutants, and boosting property values,” Nora Meyers Sackett, Director of EDD’s Office of Strategy, Science & Technology, said. “We are pleased that the program will now be available to property owners in New Mexico’s most populous county as we work to expand C-PACE throughout the state.”