FAIRFIELD, Ala. (WBRC) – Fairfield city leaders are looking into a new financing tool that could help business and property owners pay for upgrades on commercial buildings, including the proposed Patmos data center.
The tool is called C-PACE, or Commercial Property Assessed Clean Energy.
Monday, the Fairfield City Council discussed considering the program, but tabled the issue for now.
What is C-PACE?
C-PACE lets businesses seek private financing for upgrades such as LED lighting, heating and cooling systems, and water-saving fixtures. A new state law allows cities to offer this kind of private financing locally…