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The Colorado C-PACE program is designed to utilize the county’s existing method for the billing and collection of property taxes.  Upon a C-PACE project finance closing the program administrator will request the county tax assessor to place the C-PACE Assessment on the county property tax roll for the participating property.

In advance of the county’s normal property tax billing cycle, e.g. semi-annually, the program administrator will provide to participating counties a list of all C-PACE assessments and the associated billing amount to be included on the building owner’s tax bill.  Upon collection of the C-PACE assessment payment, the county will transfer the C-PACE assessment related funds into a C-PACE Program account.  The program administrator will then disburse the funds to the appropriate private capital provider that financed the project.