HARRISBURG, December 15, 2021 – Legislation sponsored by State Senator John Yudichak (I-14) that would expand options for an existing property-assessed clean energy program received an affirmative vote today by the Pennsylvania State Senate.
Senate Bill 635 updates eligibility requirements for the statewide Commercial Property Assessed Clean Energy Program (C-PACE).
The program updates will expand eligibility for multi-family unit commercial buildings and allow property owners to upgrade ventilation systems to improve indoor air quality and reduce COVID-19 transmission.
“These are timely measures in light of the pandemic and widespread economic hardship,” said State Senator Yudichak, while noting that new multifamily buildings – like senior living centers – are one of the fastest growing commercial real estate sectors in Pennsylvania. To qualify under the legislation, dwellings must include at least five residential units.
“Expanding the Commercial Property Assessed Clean Energy Program will infuse our communities with much needed capital to upgrade our housing stock and improve the air quality and weather resiliency of our homes,” said Yudichak. “The program relies solely on private capital to foster private-public partnerships to expand housing opportunities in communities throughout Pennsylvania.”
The legislation was supported by a diversity of stakeholders, including housing and public health advocates, renewable energy manufacturers and installers, capital investors, builders and developers and municipalities.
Indoor air quality enhancements would include ventilation projects that reduce exposure to indoor contaminants, while resiliency improvements would comprise of flood mitigation, wind resistance and – among other measures – energy upgrades.
Originally enacted in 2018, C-PACE enables property owners to take advantage of private capital and long-term financing to implement energy efficiency, water conservation and clean energy for agricultural, commercial and industrial properties.
Nationwide, C-PACE programs have led to over $2 billion in investments, more than 2,500 commercial projects and 24,000 new jobs.
As a result of Wednesday’s vote, the legislation advances to the House of Representatives for consideration.
Earlier this year, the bill received a unanimous vote by the Senate Community, Economic & Recreational Development Committee, chaired by Yudichak.
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