Commercial Property Assessed Clean Energy and Resiliency (C-PACER) Program is an innovative financing mechanism to help commercial, industrial, agricultural and multi-family buildings become more efficient and resilient.
C-PACER does not use any government funds, it is a loan agreement between a private lender and the property owner, like a mortgage or home improvement loan. The unique part about C-PACER financing is that the county records the loan as a lien on the property, which means that if the property owner sells the building, the assessment stays with the building (unless the payoff is part of the sale agreement).
The Snohomish County C-PACER Program is available for all eligible properties within incorporated and unincorporated Snohomish County. Qualified projects must be located within the jurisdiction of Snohomish County. Eligible properties include privately-owned commercial, industrial or agricultural real property or multifamily residential real property with five or more dwelling units.
At the time of closing, an application fee of $3,400 is due to Snohomish County. This covers the cost of program implementation and operation, plus the Auditor’s Office fee for recording the Closing Documents on the property title.