Commercial Property Assessed Clean Energy (CPACE)

The Benton County CPACE Program is set to become just the sixth of its kind in Oregon and the first in the mid or southern Willamette Valley. CPACE is a real estate finance mechanism that incentivizes clean energy, energy efficiency, water efficiency, and seismic systems. The primary goal of CPACE is to promote resilience and sustainability of buildings. It acts like an assessment in that a property lien is recorded, and a loan is paid back to a third-party capital lender over time. All types of for-profit and non-profit commercial properties are eligible including office, industrial, agriculture, hotels, multi-family housing, affordable housing, and mixed-use developments.