Existing law sets forth the procedures for a governing body to acquire, improve, equip, operate, or maintain local improvement districts that include various types of projects, including energy efficiency improvement projects and renewable energy projects. Senate Bill 283 in the 2021 Session of the Nevada Legislature revised the procedures related to local improvements; authorizing a municipality to create a district for certain qualified improvement projects; setting forth the requirements for creating such a district; and authorizing certain financing to pay for a qualified improvement project in such a district.
Clark County authorized the establishment of a C-PACE Program to provide financing for eligible improvements to qualified property owners in the unincorporated areas of Clark County pursuant to resolution R-8-16-22 as amended and approved by the Clark County Board of County Commissioners (BCC) on August 16, 2022.
Clark County C-PACE is a voluntary program that provides for direct financing of energy efficiency improvement projects, renewable energy projects, and water efficiency projects by a capital provider who is repaid through an assessment. The assessment constitutes a first-position lien on the real property superior to all liens, claims, encumbrances, and titles, except for liens of other assessments, and general taxes attached to the tract pursuant to Nevada property tax law.
In 2022, through an RFP process, Clark County selected Slipstream as the C-PACE Program Administrator. Slipstream creates, tests, delivers and scales the next generation of energy efficiency and renewable energy programs that move us farther, faster toward a clean energy economy. Slipstream partners with utilities, local and state governments, regulatory agencies and other organizations to inspire new solutions to big energy challenges. With 40 years of experience demonstrating "what’s next" in programs and technologies, Slipstream is an established and trusted trailblazer in the industry.