@misc{36199,
  author = {Kelly Parmenter and Greg Leventis and Jeff Deason},
  title = {Designing and Executing Measurement and Verification Standards for C-PACE Programs: Lessons Learned from Leading C-PACE Programs},
  abstract = {<p>This brief, <em>Designing and Executing Measurement and Verification Standards for C-PACE Programs: Lessons Learned from Leading C-PACE Programs</em>, examines and explains practices to demonstrate energy savings in existing Commercial Property Assessed Clean Energy programs. The brief is designed to inform C-PACE program administrators on the design and execution of measurement and verification (M\&amp;V) standards through the experience of C-PACE programs in Michigan, Texas, and Wisconsin.</p><p>In addition, the brief includes case studies of C-PACE programs: Texas PACE, Lean \&amp; Green Michigan, and PACE Wisconsin. Each case study details that program{\textquoteright}s technical standards related to measurement and verification (M\&amp;V), examines the program{\textquoteright}s motivation for implementing those technical standards, and reports on the program administrator{\textquoteright}s experience with those standards. Key findings include:</p><ul><li>Look to other states and jurisdictions for lessons learned on designing and executing M\&amp;V standards for C-PACE programs. The case studies presented illustrate some of these lessons.</li><li>Consider what each standard will require in terms of compliance for the property owner and enforcement for the program administrators. Successful standards strike a balance between ensuring project performance and avoiding burden on participants.</li><li>Put a mechanism in place to enforce each standard, or at least to effectively encourage property owners to comply. Enforcement of ongoing reporting requirements is especially difficult once the C-PACE loan has been fully funded.</li><li>Consider methods to simplify annual performance reporting processes. For example, after the property owners approve releasing their consumption data, program administrators can work with utilities and/or property owners to automate the process of transferring that data from utility feeds or building management systems for ongoing reporting.</li><li>Standardize M\&amp;V practices across programs to the extent possible to encourage participation by building owners, contractors, capital providers, and third-party program administrators.</li><li>Communicate the value proposition of M\&amp;V to property owners by framing M\&amp;V as a mechanism that ensures projects deliver the intended outcomes and benefits, rather than as a technical obligation.\&nbsp;</li></ul>},
  year = {2024},
  month = {02/2024},
}