In 2024, the Idaho Legislature passed the Commercial Property Assessed Capital Expenditure Act (“C-PACE Act”), creating a new Chapter 38 in Title 67 of the Idaho Code. This legislation allows local governments to establish C-PACE programs within their respective jurisdictions. A C-PACE Program permits owners of eligible commercial property to seek and obtain long-term financing from private Capital Providers for certain Qualified Improvements, including facilities and equipment to promote energy efficiency, renewable energy, water conservation, and resiliency for qualifying buildings. Improvements made to reduce lead in drinking water are also considered Qualified Improvements.
The City of Meridian has created and administers a C-PACE Program pursuant to the C-PACE Act.
Questions?
Interested parties may contact the Economic Development Administrator for a copy of the C-PACE Program Guidebook.
- Curtis Calder, Economic Development Administrator
- Phone: (208) 489-0537
- Email: [email protected]