Resources for Businesses
Commercial Property Assessed Capital Enhancement (C-PACE) District
Park County recently became the first county in the state to approve C-PACE financing for energy efficiency upgrades and renewable energy investments for commercial building owners in Park County. Please thank your County Commissioners for acting quickly to approve this great opportunity. C-PACE is an innovative Public-Private Partnership through Commerce’s Montana Facility Finance Authority (MFFA). The benefits include:
Invest in energy efficiency projects and solar or renewable energy upgrades with no upfront costs.
Utility savings exceed payment obligations, making investments cash positive for commercial property owners and tenants.
Payments are rolled into a special tax assessment made payable twice per year as part of the building owner’s property taxes.
The process is much quicker and easier than traditional financing, although participants will still obtain financing from a bank or other financial institution.
The program is tax neutral with no financial exposure to cities or counties.
C-PACE is a fit for most industries including farms, commercial office buildings,
nonprofit organizations (including places of worship), and multi-tenant buildings.
Common projects include solar panels, HVAC systems, lighting, motors & more.
Building Facade Repair & Renovation Program
An Urban Renewal Association program to assist facade updates to buildings in the District, if in the Historic District, will require Historical Preservation Committee Approval.