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August 4, 2020 Comments Off on McHenry County Launches C-PACE Program Views: 824 Chicago News, South Side

McHenry County Launches C-PACE Program

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The Illinois Energy Conservation Authority NFP (IECA) was selected by McHenry County as the program administrator for the McHenry County Commercial Property Assessed Clean Energy (C-PACE) financing program for commercial real estate owners. McHenry County now has the third county-wide C-PACE program in Illinois.
“The C-PACE program provides a convenient, cost-effective way for businesses to attain up to 100% financing for energy-efficient improvements that can be easily repaid through the property tax bill,” said Jim McConoughey, president of the McHenry County EDC.
Introduced in Illinois in 2019, C-PACE provides low-cost, long-term funding for energy efficiency, renewable energy and water conservation projects in commercial properties.
“This is a great program for McHenry County’s commercial real estate owners, and we intend to work with the local constituents to further educate businesses on the C-PACE program benefits,” said Mark Pikus, president of the IECA and also president of Inland Green Capital.

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