C-PACE program; eligible improvements.
Richmond, Va., City Code § 11-193
in effectSec. 11-193. - C-PACE program; eligible improvements.
(a) C-PACE program. The C-PACE program shall be available throughout the City, provided that the property owner, the property, the proposed eligible improvements, the capital provider and the principal contractors all qualify for the Statewide program. The following types of eligible improvements may be financed with a C-PACE loan:
(1) Energy usage efficiency systems (e.g., high efficiency lighting and building systems, heating, ventilation, and air conditioning (HVAC) upgrades, air duct sealing, high efficiency hot water heating systems, building shell or envelope improvements, reflective roof, cool roof, or green roof systems, and/or weather-stripping), or other capital improvements or systems which result in the reduction of consumption of energy over a baseline established in accordance with the program guidelines;
(2) Water usage efficiency and safe drinking water improvements (e.g., recovery, purification, recycling, and other forms of water conservation), or other capital improvements or systems which result in the reduction of consumption of water over a baseline established in accordance with the program guidelines;
(3) Renewable energy production facilities (e.g., solar photovoltaic, fiber optic solar, solar thermal, wind, wave and/or tidal energy, biomass, combined heat and power, geothermal and fuel cells), whether attached to a building or sited on the ground, and the storage and/or distribution of the energy produced thereby, whether for use on-site or sale or export to a utility or pursuant to a power purchase agreement with a non-utility purchaser;
(4) Resiliency improvements which increase the capacity of a structure or infrastructure to withstand or recover from natural disasters, the effects of climate change, and attacks and accidents, including, but not limited to:
a. Flood mitigation or the mitigation of the impacts of flooding;
b. Inundation adaptation;
c. Natural or nature-based features and living shorelines, as defined in Va. Code § 28.2-104.1;
d. Enhancement of fire or wind resistance, including, but not limited to, reinforcement and insulation of a building envelope to reduce the impacts of excessive heat or wind;
e. Microgrids;
f. Energy storage; and
g. Enhancement of the resilience capacity of a natural system, structure, or infrastructure;
(5) Stormwater management improvements that reduce onsite stormwater runoff into a stormwater system, such as reduction in the quantity of impervious surfaces or providing for the onsite filtering of stormwater;
(6) Environmental remediation improvements, including, but not limited to:
a. Improvements that promote indoor air and water quality;
b. Asbestos remediation;
c. Lead paint removal; and
d. Mold remediation;
(7) Soil or groundwater remediation;
(8) Electric vehicle infrastructure improvements, such as charging stations;
(9) Construction, renovation, or retrofitting of a property directly related to the accomplishment of any purpose listed in Subsections (a)(1) through (8) of this section, whether such eligible improvement was erected or installed in or on a building or on the ground; it being the express intention of the City to allow eligible improvements that constitute, or are a part of, the construction of a new structure or building to be financed with a C-PACE loan; and
(10) Any other category of improvement approved by the Program Administrator with the consent of the Program Manager as qualifying for financing under the Statewide program, in accordance with the C-PACE Act (including amendments thereto which authorize additional types of eligible improvements), or added by the General Assembly to the C-PACE Act after the date of adoption of the ordinance from which this chapter is derived, without need for a conforming amendment of this chapter. In addition, a Program Administrator may include in its program guidelines or other administrative documentation, definitions, interpretations and examples of these categories of eligible improvements.
(b) Use of C-PACE loan proceeds. The proceeds of a C-PACE loan may be used to pay for the construction, development, and consulting costs directly related to eligible improvements, including, without limitation, the cost of labor, materials, machinery, equipment, plans, specifications, due diligence studies, consulting services (e.g., engineering, energy, financial, and legal), program fees, C-PACE loan fees, capitalized interest, interest reserves, and C-PACE transaction underwriting and closing costs.
(c) Program applications; prioritization. The Program Administrator shall make available the Statewide program's program application process, to provide for the review and approval of proposed eligible improvements and C-PACE documents. Program applications will be processed by the Statewide program in accordance with the eligibility requirements and procedures set forth in the program guidelines.
(Code 2020, § 11-193.1; Ord. No. 2023-152, § 2, 9-11-2023)
Source: City of Richmond, Virginia, Code (2026 recodification) and Charter (Municode Library, library.municode.com)URL: https://library.municode.com/va/richmond/codes/code_of_ordinances?nodeId=PTIICICO_CH11EN_ARTVIIICOPRASCLENFIPR_S11-193CEPRELIMFetched: 11/8/2026