Thursday, April 11, 2024 - Sequoyah County Commissioners approved the Sequoyah County Commercial Property Assessed Clean Energy (C-PACE) program resolution during Monday's regular scheduled meeting at the courthouse.
The City of Sallisaw Economic Development Director, George Bormann, stated, “This is an enacting resolution that enables Sequoyah County to participate in the C-PACE program.”
According to Oklahomacpace.org, C-PACE is a form of long-term, low-interest rate financing with no upfront costs for building owners who want to modernize building energy infrastructure, lower energy costs, and increase building comfort and asset value.
Property owners or developers interested in implementing energy-efficiency upgrades or renewable energy installations are required to apply for C-PACE financing.
“From there, it has to go on the county commissioner's agenda for approval. Once approved, a portion of the financing needed for energy-related improvements is allocated from the C-PACE program and becomes part of the capital stack for the project,” Bormann added.
Commissioners also approved a Memorandum of Agreement with INCOG for Oklahoma C-PACE Program Administration.
In addition, commissioners approved an agreement to work on private property by and between Jeremy Joe Haraway and Sequoyah County District #2.
Lindsie Dyer, KXMX Staff Writer
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