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Agenda Item
N.1) Discussion and consideration to approve an agreement with Sustainable Real Estate Solutions, Inc. (SRS) to coordinate and administer the Elko County Commercial Property Assessed Clean Energy Program (C-PACE) Program.
On April 16, 2025, the Elko County Board of Commissioners adopted a resolution establishing the Elko County Commercial Property Assessed Clean Energy (C-PACE) Program and corresponding program guidelines. The C-PACE Program enables commercial property owners to obtain financing for energy efficiency, renewable energy, and water conservation improvements through a voluntary assessment on their property tax bill.
To facilitate implementation and streamline program administration, staff proposes to enter into an agreement with Sustainable Real Estate Solutions, Inc. (SRS), a qualified third-party program administrator with experience managing C-PACE programs in other jurisdictions.
Under the proposed agreement, SRS will coordinate application intake, technical review, lender engagement, and compliance and monitoring, with no direct cost to the County.