Economic Development

Spokane County’s C-PACER Program

Commercial Property Assessed Clean Energy + Resiliency (C-PACER) is an innovative financing tool for more efficient, resilient commercial and multi-family properties.

Benefits

Increases Marketability: Projects may enhance building comfort and aesthetics, attracting tenants and buyers
Transferability: Voluntary assessment is tied to the building, transfers with ownership
No Impact to Debt-to-Equity Ratio: Does not impede the owner’s ability to borrow additional funds
Overcomes Split Incentive: Debt service can flow through to tenants some lease structures
Seismic and Fire Retrofits: Distributes expense over long term
Clean Building Act (HB1257): Facilitates compliance by operationalizing large capital investments required to achieve the targets.

Finance hundreds of projects with $0 down

Energy and water efficiency
Electrification improvement (eliminates fossil fuel combustion)
Renewable energy
Electric vehicle charging
Seismic hardening
Fire detection and suppression
Flood readiness
Stormwater management
Energy storage

C-PACER Qualification

Property in Eligible Jurisdiction
Good Business Standing
Property Assessed Value

C-PACER does not use any government funds; it is a loan agreement between a private lender and the property owner, like a mortgage or home improvement loan. The unique part about C-PACER financing is that the county records the loan as a lien on the property, which means that if the property owner sells the building, the assessment stays with the building (unless the payoff is part of the sale agreement).

Learn more about C-PACER: