VA PACE Authority Designated Program Administrator of Loudon County
Loudoun County, Virginia has hired the Virginia PACE Authority and PACE Financial Servicing to administer its newly minted Commercial Property Assessed Clean Energy (C-PACE) program. VPA is a local, non-profit administrator of C-PACE program in VA.
The Virginia PACE Authority (VPA) is a new organization that provides Commercial PACE (C-PACE) program administration services for Virginia cities and counties. VPA is operating as a non-profit committed to implementing a low-cost, open market C-PACE program that incorporates industry best practices. VPA developed the Virginia PACE Program ("VA-PACE") as a cost-effective, streamlined alternative for financing energy efficiency measures and renewable energy technologies. Abby Johnson is the Executive Director of VPA. She is recognized nationally as a C-PACE expert and has worked since 2014 to implement C-PACE in Virginia. Abby was instrumental in getting C-PACE legislation passed in Virginia in 2015 and 2019. VPA is supported by their Board of C-PACE experts from the lending, legal and energy contracting fields.
PACE Financial Servicing (PFS) supports Ms. Johnson's efforts in Virginia through the Virginia PACE Authority. PFS designs, implements, and administers C-PACE programs throughout the country. Its mission is to support governments in the creation of open, standardized, low-cost C-PACE markets designed to drive private sector C-PACE investment and scale. The core value at PFS is to structure each C-PACE program in a manner that scales energy efficiency and clean energy while fulfilling the unique needs of each jurisdiction. Fulfilling the needs of each jurisdiction often requires collaboration with local partners. PFS recognizes VPA's unique position as a non-profit administrator dedicated to Virginia's needs and is aligned with VPA's values in program design and administration.
PFS has worked with Ms. Johnson for many years in the C-PACE industry, as well as through the Mid-Atlantic PACE Alliance (https://pacealliance.org/
In accordance with the terms of their proposal to administer the Loudoun County C-PACE Program, VPA is the lead contractor and PFS will support its efforts in marketing and developing the program.
Pace Financial Servicing
Jessa Coleman, Programs Manager