Commercial - Property Assessed Clean Energy & Resiliency                     (C-PACER) Program

What is C-PACER?

C-PACER is an alternative loan program that allows owners of eligible commercial properties to seek long-term financing from a private capital provider for qualified improvements related to energy & building resiliency.

  • C-PACER was authorized through WA State Legislature under HB-2405 and codified in RCW Chapter 36.165.
  • On July 13, 2021, the Whatcom County Council adopted Ordinance 2021-041 establishing a Whatcom County C-PACER program codified under Whatcom County Code Chapter 16.50.
  • C-PACER loans are tied to the property (not the owner) through an annual property assessment managed by a third party capital provider. C-PACER loans run with the land, and are transferrable upon sale of the property.
  • Commercial buildings are a large source of greenhouse gases and the C-PACER program is an incentive to achieve our communities goals as stated in the Climate Action Plan.
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Whatcom County C-PACER Program Documents

  1. C-PACER Program Guidebook 23/24
  2. C-PACER Application and Checklist 23/24
  3. Notice of Assessment Interest and C-PACER Lien 23/24
  4. Assessment Agreement For C-PACER Financing 23/24
  5. Assignment of Notice of Assessment Interest and C-PACER Lien and Assessment Agreement 23/24
  6. Lienholder Consent 23/24
  7. Certificate of Qualified Improvement 23/24
  8. Certificate of Capital Provider Qualification 23/24
  9. Certificate of C-PACER Improvements 23/24
  10. WC Exec Order 2021-06 C-PACER Fees

Handouts

  1. C-PACER Flyer
  2. C-PACER Brochure
  3. ShiftZero C-PACER Implementation FAQ
  4. ShiftZero-Handout
  5. Whatcom County Auditor - E-Recording Submitters
C-PACER Process Infographic 23/24

External C-PACER Lender List

**Please Note** This is a list of known consultants, in alphabetical order, who have completed C-PACER transactions within Washington State; and have agreed to be listed on our webpage for general inquires. Whatcom County Planning and Development Services does not recommend, endorse, certify, license, or guarantee any consultant, their work, or their qualifications. In addition, Whatcom County assumes no liability for any claims that could develop as a result of using anyone on this list and the user does so at their own risk. Please contact the Whatcom County Planning & Development Services C-PACER Administrator if you would like to be considered for this listing by emailing [email protected] with your qualifications. There are no enrollment periods, and this list can be updated as needed.

Bayview PACE

Joseph Zanzuri

[email protected] 

(305) 205-5926

4425 Ponce de Leon, Coral Gables, FL 33146 

Bayviewpace.com

 

Nuveen, LLC

Aidan McLaughlin, Associate Director, Originations, Portland, OR

[email protected]

(503) 349-3456

19 Old Kings Highway South, Suite 210, Darien, CT 06820

https://www.nuveen.com/greencapital

 

PACE Equity 

Ethan Elser, Executive Vice President

[email protected]

(414) 446-3645  

555 E Wells Street, Suite 1510, Milwaukee, WI 53202

www.pace-equity.com


Peachtree Group 

Robert Loeb, Senior Associate

[email protected]

(904) 887-1173  

One Alliance Center 3500 Lenox Rd. Suite 625 Atlanta, GA 30326

peachtreegroup.com

 

Petros PACE Finance

Brett Weir, Assistant Vice President, Originations

[email protected]

(972) 897-5464

https://www.petros-pace.com/


Approved Whatcom County C-PACER Application - Harrington Place - 2023

Whatcom County Planning and Development Services approved the first C-PACER application on February 7, 2023 for Bayview Asset Management, LLC regarding a proposal for construction of a new mixed-use commercial and multi-family housing development at 6276 Portal Way, Ferndale, WA 98248; located within incorporated City of Ferndale. The proposal includes the development of nine (9) multi-family buildings, comprised of 350 units, and two commercial buildings. C-PACER eligible improvements include aspects of the Building Envelope, Lighting, Plumbing, Heating, Ventilation, and Air Conditioning (HVAC), which will exceed the code requirements of the 2018 Washington State Energy Code, Uniform Plumbing Code, and associated Washington State Amendments.

C-PACER Application Photo

Qualified Improvements:

In general, the following are examples of Qualified Improvements eligible for C-PACER financing; see Program Guidebook for more details:

Energy Efficiency:

  • HVAC System
  • Replacement Lighting Fixtures
  • Building Insulation Upgrades
  • Energy Efficient Appliances

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Renewable Energy:

  • Solar Panels
  • Geothermal heating system

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Water Conservation:

  • Replacement of lead water pipes, install of low-flow fixtures & repair for leaking system
  • Water-smart landscaping, sprinkler & irrigation systems
  • Energy Efficient Appliances 

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Resiliency:

  • Seismic retrofits
  • Wet & Dry flood proofing
  • Fire suppression systems
  • Energy storage system

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Qualified Properties:

In general the following types of properties are eligible for C-PACER financing. See Program Guidebook for more details:

Commercial

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Industrial

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Agricultural

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Multi-Family (5+ units)

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Program Benefits:

Information provided by shiftZERO C-PACER Implementation FAQ:

"For Building Owners

With C-PACER financing, there is little cash outlay and the debt lien is filed against the property, not the owner. That debt obligation stays with the property whenever ownership transfers. The debt doesn’t appear on the owner’s balance sheet, and it does not encumber the owners’ credit capacity. Hence, owners find these kinds of loans attractive for long-term efficiency and resilience improvements.

For Tenants

Building tenants are the ones typically paying the utility bills (either directly or through rent), occupying uncomfortable spaces, and facing any health and safety risks. Giving the building owners an easier way to pay for these kinds of improvements is a benefit to tenants.

For the Public

C-PACER financing programs are a type of public-private partnership that make it attractive for building owners to pursue deep efficiency and resilience improvements that are in the public interest. Highly energy and water efficient buildings reduce environmental impacts, including greenhouse gas emissions. Lower energy and water consumption also reduces the need for production and delivery infrastructure, the costs for which are ultimately borne by ratepayers. Further, seismic, fire protection, and other safety-related resilience improvements increase public safety and ultimately mitigate publicly funded emergency response expense."

Contact Uswc_logo_footer_80w

Whatcom County Planning & Development Services

Administrative Office
5280 Northwest Drive
Bellingham, WA 98226
Map (GIF)
Phone: 360-778-5931 Email the Department

Example C-PACER Project - Texas PACE Authority

Other Texas PACE Authority example projects

Texas ex 1
Texas ex 2