Commercial Property Assessed Clean Energy (C-PACE), referred to as C-PACER in Tennessee, is a financing tool that allows commercial property owners and developers to fund energy efficiency, water conservation, renewable energy, and resiliency improvements through low-cost, long-term, fixed-rate financing. Enabled by state statute, C-PACE programs are administered at the local level by counties and municipalities and are repaid through a voluntary assessment on the improved property.
In Tennessee, the addition of “Resiliency” to the C-PACER statute underscores the program’s expanded scope, allowing projects that strengthen buildings against environmental and infrastructure risks. With additional states poised to adopt similar legislation, C-PACE continues to gain momentum as a flexible and cost-effective development and redevelopment tool.
Harris Shelton serves as C-PACE program administrators for counties and municipalities, guiding local governments through every phase of establishing and operating a compliant, effective C-PACE program. Drawing on deep experience in commercial real estate, economic development, municipal law, and public finance, our team helps communities implement programs that align with statutory requirements while supporting local development goals.
As program administrator, Harris Shelton assists with:
Harris Shelton’s familiarity with municipal processes and long-standing relationships with local governments across Tennessee position the firm as a trusted resource for communities launching or expanding C-PACE initiatives. The firm is also closely monitoring anticipated C-PACE legislation in other states in our region and is prepared to assist local governments there as programs are authorized.
In addition to program administration, Harris Shelton attorneys represent developers, property owners, and lenders in C-PACE financing transactions. This dual perspective, working with both public entities and private participants, allows the firm to anticipate challenges, streamline coordination, and ensure programs function efficiently in practice.
C-PACE-eligible projects commonly include office buildings, mixed-use developments, hotels, industrial facilities, and multifamily properties, with improvements ranging from HVAC upgrades and energy-efficient building systems to solar installations and resiliency enhancements.
To learn more about establishing a C-PACE program or Harris Shelton’s role as program administrator, contact our team.
