PACE Alberta August Update
PACE enabling legislation was enacted on June 11, 2018. PACE financing is now covered by Bill 10 An Act to Enable Clean Energy Improvements . According to the government website, over the coming months: the government is consulting with municipalities, lenders, real estate associations and other stakeholders to develop a guiding regulation in the summer of 2018 the regulation will be brought back for approval in the fall of 2018 the government is working with Energy Efficiency Alberta to design a PACE program, including tools to assist municipalities, in the summer of 2018 The legislation is expected to come into force in early 2019. Residential (R-PACE) and Commercial (C-PACE) will likely have different processes for applications and approvals. The C-PACE program will probably be approved first with the R-PACE program to follow. The target for funding an initial project is still the first quarter 2019. PACE Alberta is actively working with a PACE inve...
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