In 2017, the Nevada State Legislature amended Chapter 271 of the Nevada Revised Statutes (NRS) to allow local governments to enact Commercial Property Assessed Clean Energy (C-PACE) programs to facilitate access to long-term, fixed-rate, and low-cost capital for the installation of clean and renewable energy improvements through private capital providers.
Initially, the statutory framework proved cumbersome. Then, in 2021, through Senate Bill (SB) 283, the Legislature amended the C-PACE program to make it more user-friendly.
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