Rasburry to spearhead Arkansas Advanced Energy Foundation’s new Central Arkansas C-PACE Program

The Arkansas Advanced Energy Foundation (AAEF) has hired Jonathon Rasburry as Administrator for the Commercial Property Assessed Capital Expenditures (C-PACE) program, which is designed to finance projects centered around energy efficiency, alternative energy, building resiliency, and water conservation.

A Benton native, Rasburry previously served as Landscape Specialist for the City of Little Rock and Education Project Manager for Entegrity. Rasburry graduated from University of Central Arkansas with a Bachelor of Education and a Bachelor of Science in Sustainability Studies from the University of Arizona before teaching for the North Little Rock School District and Bryant Public Schools.

"I am both honored and excited to work with AAEF as the C-PACE Administrator. C-PACE financing will be a game changer for economic development,” Rasburry said. “By offering low interest loans with fixed payments, we're going to help local property owners invest in their buildings, reduce long-term expenses, unlock new opportunities for local contractors, and contribute to a more resilient energy future for Arkansas."

Jonathon Rasburry, C-PACE Administrator

As C-PACE Administrator, Rasburry oversees the creation and implementation of the Central Arkansas C-PACE program as part of Metroplan’s EPA Climate Pollution Reduction Grant (CPRG) awarded in July 2024. The program is fairly new to Arkansas, and is a financing option for commercial real estate developers to encourage energy-efficient building practices.

AAEF, the nonprofit arm of the Arkansas Advanced Energy Association, will oversee the revolving loan fund that provides financing for the approved projects. As a sub-awardee with Metroplan, AAEF was granted $2.8 million as part of Metroplan’s Climate Pollution Reduction Grant (CPRG) to seed the revolving loan fund. Once the program is launched, owners of commercial, industrial, agricultural, and multi-family (more than 4 units) in participating counties will be able to take advantage of C-PACE’s low interest rates and long payback period to create positive cash flow from their building upgrades.

“Eligible projects will include HVAC and lighting upgrades, solar and other alternative energy installations, water conservation measures, and building resiliency improvements like roofing or stormwater systems,” Rasburry said. “C-PACE financing is going to be a game changer for businesses and communities in our state."

The program is anticipated to begin receiving applications in late summer 2025. More information about the program, eligibility requirements and the application process will soon be available here:

To receive program updates, please email Jonathon.

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