C-PACE is a state-enabled financing tool that directs private capital toward sustainable building improvements. Its repayment through the tax bill makes it easier to integrate efficiency and resiliency measures into modern commercial projects. The PropertyFit program in Multnomah County is administered by the Portland Development Commission. Other municipalities in Oregon have adopted C-PACE to encourage efficiency and conservation and meet climate action goals.
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Oregon’s C-PACE programs are primarily administered at the county level. Administrators include Deschutes County C-PACE, PropertyFit for Portland and Multnomah County, and Washington County PACE. Energy improvements made in Portland and Multnomah County must be 5% over code for new constructions and major renovations. Qualifying improvements for PACE Equity Finance financing in Oregon include energy efficiency, renewable energy, water conservation, and seismic rehabilitation improvements.
