Last Best PACE, Montana's C-PACE program, allows commercial property owners to cover up to 100% of project costs, repaid through a special property tax assessment with terms of 20+ years. This enables projects to generate neutral or positive cash flow upon completion.
To learn more about financing nationwide, go to pacenation.org.
Benefits
No upfront costs
Utility savings often exceed payment obligations, making investments cash positive
Payments are added to property tax assessments, payable twice per year as part of the building owner’s property taxes
No financial risk to local governments
Supports local job growth
How C-PACE Works
Local governments (county or city) establish a district
Building owner selects projects to reduce energy or water costs
Owner secures financing from private lenders
Local government adds the assessment to tax rolls
Owner pays the assessment for terms of 20+ years and benefits from savings
