Advancing Renewables

Curious about C-Pace in Bernalillo County?  The new program is now available!

Innovate Energy New Mexico, a women-owned, local business, has been selected as the C-PACE program administrator for Bernalillo County.  Want to see an overview of the program and its requirements? Read on for more!

BERNALILLO COUNTY C-PACE PROGRAM GUIDELINES

NOVEMBER 2019

PROPERTY REQUIREMENTS

  • Property located within the boundaries of Bernalillo County
  • Applicant is Property Owner of record and in good standing with the County Assessor’s office
  • Nonresidential except for multifamily properties with 5+ units
  • Renewable energy improvement dollar amount is <40% of the assessed property value
  • Savings to Investment Ratio (SIR) 0
  • Ability to obtain mortgage lender consen’

SOLAR CONTRACTOR REQUIREMENTS

  • Portfolio of at least ten (10) commercial solar installations within sixty 60 miles of Bernallllo County in the last five (5) years
  • GB-98 and EE-98 licenses

C-P ACE LENDER REQUIREMENTS

  • Certified by Financial Institutions Division (FID) as a solar energy improvement financing institution

BASIC C-PACE PROJECT WORKFLOW:

  • Solar Contractor fills out a Contractor Application to become an approved C-PACE contractor and pays $200 application
  • IENM provides approval or rejection letter to Solar
  • Solar Contractor, Property Owner and Lender work together to fill out C-PACE Project Application and supporting documents, pay $100 Project Application
  • IENM provides approval or rejection letter to contractor, property owner and C-PACE lender.
  • Approved projects move forward with the construction and commissioning of the renewable energy
  • Lender notifies IENM for each draw made, no more than 90% of the contract amount may be dispersed prior to Project Completion.
  • Lender records Certificate of Levy and Lien of Special Assessment with Bernalillo County Treasurer and Clerk’s
  • Solar Contractor submits C-PACE Project Completion form and supporting documentation to IENM and pays Program Administration fee (2% of contract amount).
  • IENM issues Completion Letter to Solar Contractor, Property Owner and
  • Final draw may be issued to Solar

CONTACT INFORMATION FOR INNOVATE ENERGY NEW MEXICO: