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Utah

Utah

Incentives/Policies for Energy Efficiency

Printable Version
Local Option - Commercial PACE Financing   

Last DSIRE Review: 04/02/2013
Program Overview:
State: Utah
Incentive Type: PACE Financing
Eligible Efficiency Technologies: Equipment Insulation, Lighting, Chillers , Furnaces , Boilers, Heat pumps, Central Air conditioners, Heat recovery, Programmable Thermostats, Energy Mgmt. Systems/Building Controls, Caulking/Weather-stripping, Building Insulation, Windows, Doors, Roofs, Custom/Others pending approval
Eligible Renewable/Other Technologies: Solar Water Heat, Photovoltaics, Wind, Geothermal Electric, Geothermal Heat Pumps, Daylighting, Small Hydroelectric, Other Distributed Generation Technologies, Geothermal Direct-Use
Applicable Sectors: Commercial, Industrial, Nonprofit, Local Government, State Government, Fed. Government, Multi-Family Residential
Authority 1:
Date Enacted:
SB 221
03/27/2013
Summary:

Senate Bill 221 of 2013 authorizes local governments to adopt Commercial* Property Assessed Clean Energy (C-PACE) financing programs. C-PACE allows property owners to finance energy efficiency and renewable energy improvements on their properties through a special assessment on their property tax bill, which is repaid over a period of time not to exceed 20 years. A local government must first pass an assessment resolution or ordinance before its commercial property owners can participate, and commercial property owners must opt to have their property designated as a voluntary assessment area.   

To qualify as a voluntary assessment area, the owner of the property must provide:

  • The written consent of each person or institution holding a lien on the property
  • Evidence that there are no delinquent taxes, special assessments, or water or sewer charges on the property
  • Evidence that the property is not subject to a trust deed or other lien on which there is a recorded notice of default, foreclosure, or delinquency that has not been cured, and 
  • Evidence that there are no involuntary liens, including a lien on real property, or on the proceeds of a contract relating to real property, for services, labor, or materials furnished in connection with the construction or improvement of the property.

A local entity that designates a voluntary assessment area must provide to each participating property owner with a list of qualified service providers authorized by the local entity to provide the energy efficiency upgrade or renewable energy system. A participating property owner must select a service provider from the list to perform the work.

* The types of property eligible for C-PACE in Utah include property used for the following purposes: commercial, mining, industrial, manufacturing, governmental, trade, professional, a private or public club, a lodge. Multifamily residential buildings with four or more rental units, and property owned by the federal government or a public agency also qualify. 


 
Contact:
  Jeffrey Barrett
Office of Energy Development
195 N 1950 West, 2nd Floor
PO Box 146100
Salt Lake City, UT 84116
Phone: (801) 536-0210
E-Mail: jhbarrett@utah.gov
Web Site: http://www.energy.utah.gov/
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.