Arizona State Representative Chris Lopez has introduced legislation to establish a Commercial Property Assessed Capital Expenditure (C-PACE) program in the state. This initiative aims to enhance private investment, modernize infrastructure, and bolster economic growth in Pinal County and beyond. The proposed legislation would enable local governments to offer C-PACE financing for commercial and industrial properties, providing property owners with access to low-cost, long-term private capital for various improvements such as energy efficiency and water conservation.
Lopez emphasized the importance of this program for Pinal County’s rapidly expanding economy, stating, “Pinal County is one of the fastest-growing regions in Arizona, and we need smart, market-driven tools to help our communities keep pace.” He highlighted that C-PACE facilitates major projects without increasing taxes or creating new government debt.
The program relies solely on private investment, with participation being voluntary. Property owners repay the financing through a special assessment tied to their property. This approach offers long-term stability for lenders and developers while safeguarding taxpayers. The legislation is anticipated to benefit industries like advanced manufacturing, logistics, agriculture, energy, and water infrastructure.
“As Pinal County continues to attract major employers and advanced manufacturing facilities,” Lopez noted, “we must ensure our communities have the infrastructure to support that growth.” If passed, Arizona would join over 40 states that have authorized C-PACE programs.
Chris Lopez was elected as a Republican member of the Arizona House of Representatives in 2025 for Legislative District 16, which covers parts of Pinal and Pima Counties.
