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Economic Development

New County Energy Measure Will Be Bid in 2019

10/17/2018

The Bernalillo County program that will allow commercial property owners to get approved loans for renewable and energy efficiency improvement projects will accept requests for bid from prospective lenders in 2019.

The commission approved program is known as the Bernalillo County Commercial Property Assessed Clean Energy (C-PACE) financing program.

The C-PACE program will facilitate loans made by qualified lenders to commercial property owners to finance renewable energy production and distribution facilities and energy efficiency improvements.

“This makes Bernalillo County the first in the state with this type of program and puts us on the cutting edge of business enhancement and assistance to those business owners who want to run a more cost-effective operation and cut down on the carbon footprint,” says Bernalillo County Commission Chair, Steven Michael Quezada.

The county will begin accepting bids from qualified lenders in the first quarter of 2019.

A resolution of support for the C-PACE program was passed by the Albuquerque City Council on Sept. 17, 2018.

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