C-PACE in Philadelphia
In June 2018, Governor Wolf signed SB 234 into law creating Act 30, making Pennsylvania the 36th state to adopt C-PACE. Philadelphia Mayor Jim Kenney signed legislation creating the Philadelphia C-PACE program in August 2019. The Philadelphia Energy Authority (PEA) is the Program Administrator for Philadelphia’s C-PACE program. PEA will review and approve applications, manage billing, file liens, and perform other general administrative duties.
On July 17, 2020, the Philadelphia Energy Authority, Twain Financial Partners and SHIFT Capital announced the financial close of the first project in Pennsylvania to use Commercial Property-Assessed Clean Energy (C-PACE) financing. SHIFT Capital is borrowing $1,500,000 in C-PACE financing from Twain Financial to pay for energy and water efficiency upgrades to a new mixed-use development in the Kensington-Harrowgate neighborhood of Philadelphia.Download Fact Sheet