§ 30-6. Qualifying Energy Improvements.

(a) In general.

A property owner may use the PACE Loan Program to finance all costs incurred to purchase, upgrade, modify, or construct qualifying energy improvements to a new or existing commercial property, including all property improvements necessary to install a qualified energy improvement.

(b) Qualifying costs.

Qualifying energy improvement costs include:

(1) energy audits;

(2) pre-construction and post-installation evaluation, measurement, and verification services;

(3) engineering, design, and feasibility studies;

(4) materials and labor necessary for installation;

(5) commissioning or retro-commissioning;

(6) performance guarantees;

(7) operations and maintenance service contracts, warranties, or insurance;

(8) accreditation or certification of building energy performance with standard-setting organizations approved by the Administrator; and

(9) federal, state, or local regulatory compliance costs required to complete an energy improvement.

(c) Renewable energy projects.

(1) Qualifications.

A renewable energy project qualifies as an energy improvement under this subtitle only if the commercial property consumes all or a portion of the output from the renewable energy project.

(2) Resiliency benefits.

Renewable energy projects may include technologies that provide resiliency benefits to the commercial property or the electrical grid. These benefits include demand management, ancillary services, power quality, capacity firming, or other benefits determined by the Administrator to be consistent with the purpose of this program.