Vermont has a subordinate residential PACE program and is now looking to create a commercial PACE program. There are three basic options for Vermont:
1) Amend the current Vermont PACE statute to provide for commercial real estate to be included in the PACE program.
2) Wait at least one year to determine how the residential PACE and other on-going commercial energy finance programs evolve, both in and out of Vermont.
3) Rely on private finance providers to develop commercial energy finance solutions on their own.
The Public Service Department has recommended to pursue option 2 and wait a year while gathering data on residential program performance.
Read more in this report recently released by the Vermont legislature.