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Chicago PACE Closes $4.6Mn Amped Kitchens Funding (Ind. Report)
Property Assessed Clean Energy
Date: 2021-03-26
Chicago PACE, a program of the City of Chicago's Department of Planning and Development, reports it has closed $4.6 million in Commercial (C-PACE) funding in support of completed energy efficiency work at the recently opened Amped Kitchens Chicago facility in the Belmont-Cragin neighborhood.

The $4.6 million in private funding through the Chicago PACE program was provided by CounterpointeSRE, a national C-PACE capital provider, and was earmarked to a long list of energy efficiency improvements that included new HVAC consisting of packaged RTUs, hoods, water heaters, and indirect fired gas furnaces as well as LED lighting at the 5801 W Dickens Ave. facility.

The Chicago PACE program, a public-private partnership designed to fund energy-saving and renewable infrastructure improvements to commercial and multifamily properties, is administered by Loop-Counterpointe PACE LLC, a joint venture between Loop Capital Markets and Counterpointe Sustainable Real Estate.

Amped Kitchens provides long-term production space to some of the nation's most innovative and successful food brands. (Source: Chicago PACE, PR, 25 Mar., 2021) Contact: Chicago PACE, inquiry@chicagopace.org, www.ChicagoPACE.org

More Low-Carbon Energy News Property Assessed Clean Energy .PACE,  PACE-C,  Energy Efficiency,  


Energy Select New Md. C-PACE Registered Contractor (Ind. Report)
C-PACE,Energy Select LLC
Date: 2020-10-23
Leonardtown-based, Energy Select LLC, is now the only Maryland C-PACE registered contractor in Southern Maryland. Commercial Property Assessed Clean Energy (C-PACE) focuses on making commercial buildings more energy-efficient. This, in turn, allows county governments to create jobs, retain businesses, and help the local economy.

Government C-PACE policies are structured in such a way as to consider commercial and non-profit energy projects to be just as beneficial to the public as other vital infrastructure. C-PACE allows counties to access funding from private capital. This upfront financing enables commercial property owners to make any necessary energy efficiencies. The improvements are repaid via surcharges on property taxes.

Energy Select provides numerous clean energy solutions that qualify for the C-PACE initiative -- Solar Energy Equipment and High-Efficiency Lighting and Building Systems. The company also provided solar panel installation, energy audits, lighting retrofits, and other money-saving services for both residential and commercial customers. partner with local contractors to provide solutions such as Building Shell or Envelope Improvements. (Source: Energy Select LLC, PR, 22 Oct., 2020) Contact: Energy Select, Steven Tripp, Marketing, (301) 475-6727, info@energyselectllc.com, www.energyselectllc.com : C-PACE, www.MD-pace.com

More Low-Carbon Energy News Energy Select ,  C-PACE,  PACE,  Energy Efficiency,  


Roanoke Encourages Energy Efficiency with C-PACE (Ind. Report)
City of Roanoke
Date: 2020-10-23
In the Old Dominion State, the City of Roanoke City Council has approved an ordinance enabling Commercial Property Clean Energy (C-PACE) financing for energy efficiency projects in the city of roughly 319,000 residents.

The C-PACE loan program is specifically for energy efficiency and clean energy projects for new construction or renovations. Qualifying projects include energy efficiency improvements, resiliency improvements, water efficiency improvements, and/or stormwater management improvements. C-PACE offers property owners special benefits and the loan covers 100 pct of qualified expenses with no money down with long-term loan repayment that is frequently offset by the energy savings. The loans can range from $30,000 to $20,000,000 therefore, C-PACE is a commercial loan that works for large projects and looks favorably on small business and non-profits . (Source: City of Roanoke, PR, 23 Oct., 2020) Contact: City of Roanoke, Nell Boyle, 540-853-5430 , nell.boyle@roanokeva.gov, www.roanokeva.gov

More Low-Carbon Energy News C-PACE,  Energy Efficiency,  


CT Green Bank Offers Flexible C-PACE Payment Options (Ind. Report)
Connecticut Green Bank
Date: 2020-08-03
The Rocky Hill, Conn.-based Connecticut Green Bank is offering flexible repayment options to new borrowers who use its Commercial Property Assessed Clean Energy (C-PACE) financing to make energy saving improvements.

The C-PACE program helps commercial, industrial, and non-profit property owners access affordable, long-term financing for qualifying energy efficiency and renewable energy upgrades. The C-PACE loans are repaid through a voluntary assessment on the building owner's property tax bill.

The Green Bank's new repayment options are intended to provide relief to property owners impacted by COVID-19. The repayment options will provide borrowers with immediate increased cash flow by significantly reducing operating expenses in the near term and deferring all or a portion of payments until a later date and more stable financial conditions.

New borrowers will have the option of deferring their first two payments on a new C-PACE assessment and/or making interest only payments for up to three years on a new C-PACE assessment. (Source: Conn. Green Bank. PR, Aug., 2020) Contact: C-PACE, www.cpace.com/offer; Connecticut Green Bank, Mackey Dykes, VP Financing Programs, 860-563-0015, www.ctgreenbank.com

More Low-Carbon Energy News Connecticut Green Bank ,  C-PACE,  Energy Efficiency,  


Bay State Offers C-PACE Energy Efficiency Financing (Ind. Report)
Property Assessed Clean Energy,PACE
Date: 2020-07-31
Commercial landlords and nonprofits in 22 Massachusetts communities have a new option for financing energy-efficiency upgrades. The Property Assessed Clean Energy (PACE) Massachusetts program applies to commercial and industrial buildings, multifamily buildings with five or more units and buildings owned by nonprofits.

The PACE program, which is administered by MassDevelopment and the Department of Energy Resources, requires that energy savings pay for the cost of improvements. Projects can be financed up to 20 years.

The PACE program is available to building owners in the following participating communities: Acton, Agawam, Amesbury, Barnstable, Devens, Erving, Fall River, Fitchburg, Franklin, Gardner, Greenfield, Lexington, New Bedford, North Adams, Northampton, Orange, Pittsfield, Randolph, Rockland, Wendell, West Springfield and Yarmouth. Specifics on the guidelines and application materials are available at massdevelopment.com/pace. (Source: Various Media, Banker & Tradesman, 30 July, 2020)Contact: C-PACE Alliance, Cliff Kellogg (202) 744-1984, ckellogg@c-pacealliance.com, www.cpacealliance.com

More Low-Carbon Energy News Property Assessed Clean Energy,  PACE,  Energy Efficiency,  


Norfolk, Neb. Approves C-PACE Financing (Ind. Report)
C-PACE,PACE
Date: 2020-06-03
In the Cornhusker State, the city of Norfolk (pop. 25,000 +-) Council is reporting approval of the Property Assessed Clean Energy (PACE) loan program to assist commercial developers with energy efficiency and renewable energy project funding.

PACE loans are long term, fixed rate, non-recourse loans secured by assessments on the property with priority equal to property tax. PACE provides commercial real estate financing for HVAC systems, lighting, energy efficiency, energy conservation measures, water conservation such as low flow toilets and low flow fixtures, as well as renewable energy systems. (Source: City of Norfolk, WJAG, 2 June, 2020) Contact: City of Norfolk, (402) 844-2000, www.norfolkne.gov

More Low-Carbon Energy News C-PACE news,  PACE news,  Energy Efficiency news,  


$30Mn Assisted Living Project Partially PACE Funded (Ind. Report)
Petros PACE Finance Trust
Date: 2020-04-20
In Indiana, Indianapolis-based Leo Brown Group, owner of the $30 million Traditions of Lebanon assisted living complex to be developed in Lebanon, is expected to use Property Assessed Clean Energy (PACE) financing to cover $17 million of the project cost in semi-annual assessments of $230,000-$289,000 added to property taxes over 30 years.

The $17 million, through Petros PACE Finance Trust, includes over $7.7 million in HVAC, energy efficient lighting and improvements and just under $7.9 million in interest.

Traditions of Lebanon was originally expected to include a 142-unit assisted living complex, including 30 units for memory care and 13 homes for independent living but has been reduced in size. Documents obtained last week indicate the scope of the project changed. The 170,000-square-foot senior living community will now include 48 independent living homes, 64 assisted living units and 30 memory care units. Energy savings from the Brown project are anticipated from HVAC improvements, LED lighting, energy-efficient windows and doors and the “building envelope”. (Source: Dayton Daily News, 18 April, 2020) Contact: Petros PACE Finance Trust LLC, www.petros-pace.com

More Low-Carbon Energy News PACE,  C-PACE,  Energy Efficiency,  


Greenworks Raises $150Mn for C-PACE Financing (Ind. Report)
Greenworks
Date: 2020-04-20
Greenworks Lending, one of the largest providers of Commercial Property Assessed Clean Energy (C-PACE) financing in the US, reports raising $150 million in committed capital from Nuveen, the investment manager of TIAA. The new funds will increase Greenworks available funding for C-PACE assets across the country.

According to Greenworks, to date this year it has closed projects across 9 states; including a $ 1.2 million office building project in CA, a $5.1 million hotel project in MO, a $670,000 medical office project in OH, and a $6.7 million office building project and a $856,000 solar project at an auto dealership, both in CT. It also recently closed the first C-PACE project in Delaware and a $722,000 energy efficiency upgrade in Minnesota. The C-PACE program allows building owners to finance qualifying energy efficiency and renewable energy improvements via a voluntary assessment on their property tax bill. (Source: Greenworks, April 2020) Contact: Greenworks Lending, Alexandra Cooley, Co-Founder , COO, Adam Moskowitz, (203) 837-7816, amoskowitz@greenworkslending.com, www.greenworkslending.com; C-PACE Alliance, Cliff Kellogg (202) 744-1984, ckellogg@c-pacealliance.com, www.cpacealliance.com

More Low-Carbon Energy News C-PACE,  Greenworks,  Energy Efficiency,  


Gladstone Completes Akron $1Mn PACE Financing (Ind. Report)
PACE,Gladstone Commercial
Date: 2020-04-10
McLean, Virginia-based real estate holding company Gladstone Commercial Corporation is reporting closing on $1.0 million PACE (property assessed clean energy) financing for an 84,000 SF single-story multi-tenant office building in Akron, Ohio.

The 3.5 pct financing covers 100 pct of the costs of: HVAC upgrades and replacements; conversions from electric to natural gas; updating fume hood controls; fume hood controls; energy efficient interior lighting and energy management system. (Source: Gladstone Commercial, PR, 8 April, 2020) Contact: Gladstone Commercial, Bob Cutlip, Pres, (703) 287-5893, Bob.Cutlip@gladstonecompanies.com, www.gladstonecommercial.com; C-PACE Alliance, Cliff Kellogg (202) 744-1984, ckellogg@c-pacealliance.com, www.cpacealliance.com

More Low-Carbon Energy News PACE,  C-PACE,  Energy Efficiency,  


Dublin PACE Financed Efficiency Upgrades Completed (Ind Report)
PACE
Date: 2020-04-03
McLean, Virginia-based Gladstone Commercial Corporation is reporting completion of a second improvement financing via the Property Assessed Clean Energy (PACE) program for a 78,000 square foot office property in Dublin, Ohio.

The combined financing covered 100 pct of the costs to replace or upgrade the 5-story building's: cooling tower, boiler and HVAC equipment, elevator modernization, energy efficient interior and exterior lighting, a robust energy management system, and other improvements that together are reduce the property's utility costs 39 pct and eliminate more than 400 metric tpy of CO2 emissions. (Source: Gladstone Commercial Corporation, PR, April, 2020) Contact: Gladstone Commercial Corporation, Bob Cutlip , Pres., (703) 287-5878, Bob.Cutlip@gladstonecompanies.com, www.gladstonecommercial.com, www.gladstonecompanies.com

More Low-Carbon Energy News PACE,  C-PACE,  Energy Efficiency,  


C-PACE Energy Efficiency Funding in Latimer County, CO (Ind. Report)
C-PACE
Date: 2020-03-18
In Colorado, the Larimer County Assessor's Office is reporting the availability of Colorado Commercial Property Assessed Clean Energy Colorado C-PACE program for older commercial structures.

The C-PACE program allows building owners to finance qualifying energy efficiency and renewable energy improvements via a voluntary assessment on their property tax bill. (Source: Larimer County Assessor Office, North Forty,C-PACE, Mar., 2020) Contact: Colorado Commercial Property Assessed Clean Energy [C-PACE] , Bob Overbeck, [970] 498-7050, overbebc@larimer.org, Tracy Phillips, Colorado C-PACE Program Director, [720] 933-8143, TPhillips@copace.com, www.copace.com; C-PACE Alliance, Cliff Kellogg (202) 744-1984, ckellogg@c-pacealliance.com, www.cpacealliance.com

More Low-Carbon Energy News C-PACE,  Energy Efficiency ,  


Syracuse Marriott Uses C-PACE Program for Energy Efficiency Upgrades (Ind. Report)
C-PACE
Date: 2020-03-11
In the Empire State, the Marriott Downtown Syracuse Hotel it used the C-PACE program to fund almost $10 million in cost-effective energy efficient improvements including HVAC, LED lighting and other energy efficiency improvements.

The C-PACE program allows building owners to finance qualifying energy efficiency and renewable energy improvements on via a voluntary assessment on their property tax bill. (Source: Marriott Downtown Syracuse, Syracuse University Press, WAER, 9 Mar., 2020) Contact: Marriott Downtown Syracuse, www.marriott.com/hotels/travel/syrmc-marriott-syracuse-downtown; C-PACE Alliance, Cliff Kellogg (202) 744-1984, ckellogg@c-pacealliance.com, www.c-pacealliance.com

More Low-Carbon Energy News PACE,  C-PACE,  Energy Efficiency,  


Twain Financial Provides $34Mn C-PACE Resort Financing (Funding)
Property Assessed Clean Energy
Date: 2020-01-31
St. Louis-based Twain Financial Partners reports it provided $34 million in Property Assessed Clean Energy (PACE) Financing to the development of a luxury boutique hotel and parking structure located in the Old Town neighborhood at the heart of Temecula, CA.

Twain provided financing for the resort through Western Riverside Council of Governments' (WRCOG) C-PACE program. C-PACE offers developers low-cost, long-term financing for 100 pct of the cost of energy efficiency, renewable energy and water conservation improvements for commercial real estate projects. (Source: Twain Financial Partners;Truax Development, PR, 29 Jan., 2020) Contact: Twain Financial, Fran Doherty, Bus. Dev., 314-300-4135, www.twainfinancial.com

More Low-Carbon Energy News Energy Efficiency C-PACE,  Property Assessed Clean Energy ,  PACE,  Energy Efficiency Financing,  


Conn. Green Bank Offers C-PACE Efficiency Financing (Ind Report)
Connecticut’s Green Bank
Date: 2020-01-17
The Rocky Hill, Conn.-based Connecticut Green Bank, the quasi-public agency tasked with attracting private investment in energy efficiency and renewable power projects, reports it is now offering commercial property Commercial Property Assessed Clean Energy (C-PACE) loans.

The C-PACE program allows building owners to finance qualifying energy efficiency and renewable energy improvements via a voluntary assessment on their property tax bill. (Source: Connecticut Green Bank, New Haven Insider, 15 Jan., 2020) Contact: Connecticut Green Bank, Mackey Dykes, VP Financing Programs, 860-563-0015, www.ctgreenbank.com

More Low-Carbon Energy News Connecticut Green Bank,  C-PACE,  Energy Efficiency,  


Buffalo Stampeding to C-PACE Financing Program (Ind. Report)
PACE,C-PACE,City of Buffalo
Date: 2019-12-09
In the Empire State, the city of Buffalo Common Council's legislative committee has recommended the city participate the Commercial Property Assessed Clean Energy (C-PACE) financing program. The program provides private capital to commercial and nonprofit building owners for renewable energy and energy-efficient upgrades.

The statewide not-for-profit Energy Improvement Corporation (EIC) will act on the city's behalf and will administer the new financing program and provide a list of pre-approved lenders.

Qualifying commercial properties cannot be owned by an individual or single proprietor and cannot be government-owned property. Eligible property owners may be corporations -- both for-profit and not-for-profit -- limited liability companies, partnerships and real estate investment trusts and must be current in mortgage payments and property taxes. (Source: Buffalo Common Council, Buffalo News, 7 Dec., 2019) Contact: Buffalo Common Council, www.buffalony.gov › Common-Council; C-PACE, (877) 325-1882, www.copace.com

More Low-Carbon Energy News City,  C-PACE,  Energy Efficiency,  


La Plata Opts for C-PACE Energy Efficiency Financing (Ind. Report)
C-PACE
Date: 2019-11-25
In Colorafdo, the La Plata County Commissioners recently signed a resolution to participate in the C-PACE (commercial property assessed clean energy) program to encourage energy efficiency projects and help commercial building owners source capital providers, install energy efficiency, renewable energy and water efficiency measures with affordable, long-term financing.

The program benefits building owners by generating an immediate positive cash flow with no up-front, out-of-pocket expense. C-PACE enables a complete upgrade of the building with eligible energy efficiency and renewable energy measures. At no cost to contractors, C-PACE experts will help identify eligible properties, prepare proposals, and develop, optimize, and present projects incorporating C-PACE financing. (Source: Durango Herald, 24 Nov., 2019) Contact: C-PACE, (877) 325-1882, www.copace.com

More Low-Carbon Energy News C-PACE news,  Energy Efficiency news,  


First C-PACE Financing Closed in Kane County, Ill. (Ind. Report)
Illinois Energy Conservation Authority
Date: 2019-11-25
The Illinois Energy Conservation Authority NFP (IECA) reports the Kane County Energy Efficiency Program (KEEP) closed a commercial Property Assessed Clean Energy (C-PACE) $351,136 financing on roof improvements and a solar PV system for a 48,000-square-foot, indoor-outdoor soccer campus facility in Elgin, Illinois. This transaction marks KEEP's first C-PACE financed project. Kane County the first C-PACE program in Illinois.

The solar PV system will be installed by Naperville-based Bright Life Renewable Energy, LLC. Bright Life initiated the C-PACE application with their client through the IECA, a not-for-profit organization committed to bringing C-PACE program administration to the Chicagoland area. (Source: Illinois Energy Conservation Authority, PR, RE Journals, Nov., 2019) Contact: Illinois Energy Conservation Authority, www.iecapace.org; C-PACE Alliance, Cliff Kellogg (202) 744-1984, ckellogg@c-pacealliance.com, www.c-pacealliance.com

More Low-Carbon Energy News C-PACE,  Energy Efficiency,  


Lawrence County PA. Considering C-PACE Financing (Ind. Report)
C-PACE
Date: 2019-10-25
In western Pennsylvania, the Lawrence County Commissioners report they are considering instituting PA C-PACE -- the Pennsylvania Commercial Property Assessed Clean Energy Program -- to help businesses finance renewable energy and energy efficiency and energy savings projects.

The program allows commercial building owners to obtain low-cost, long-term energy related financing for existing and new construction of commercial, agricultural, industrial and nonprofit properties. Individual property owners would voluntarily sign up to use C-PACE by developing a project with a private lender and developing the repayment terms. A C-PACE lien would transfer upon the sale of the building to the new property owner.

Under the program, counties would use their existing tax collection process to collect the C-PACE assessments or loan repayments, and remit those payments to the program administrator who will remit them to the loan provider. (Source: Lawrence County Commissioners, New Castle News, 25 Oct., 2019) Contact: C-PACE Alliance, Cliff Kellogg (202) 744-1984, ckellogg@c-pacealliance.com, www.c-pacealliance.com

More Low-Carbon Energy News C-PACE,  Energy Efficiency,  


Battle Creek YMCA Scores PACE Energy Efficiency Financing (Funding)
PACE
Date: 2019-06-14
Austin, Texas-based Petros PACE Finance, LLC reports it has closed a $1.3 million Commercial Property Assessed Clean Energy (C-PACE) transaction to finance energy efficiency upgrades for the Battle Creek, Michigan YMCA.

C-PACE is a low-cost financing product secured as a property tax assessment that allows building owners to invest in energy efficiency or renewable energy with little or no up-front costs.

The YMCA will use the funds to upgrade inefficient and outdated electrical and mechanical systems, for new, more efficient lighting, and other energy-saving property enhancements that are expected to reduce electricity use by as much as 47 pct. Over the 22-year life of the loan, energy-efficient features will generate $3,233,342 in savings and a CO2 reduction of 68,384,274 pounds -- roughly equivalent to the amount of emissions from driving 6,586 passenger vehicles for a year.

The YMCA project is Petros' eighth deal in Michigan. (Source: Petros PACE Finance LLC, PR, 13 June, 2019) Contact: Petros PACE Finance LLC, Mansoor Ghori, CEO, (512) 599.9038, (512) .532.0792 -- fax., info@petrospartners.com, www.petros-pace.com

More Low-Carbon Energy News PACE,  PACE Financing,  Energy Efficiency,  


Franklin County Adopting Energize NY C-PACE Financing (Ind. Report)
C-PACE
Date: 2019-05-22
In the Empire State, the Franklin County Legislature has voted to adopt the Energize NY Open C-PACE Financing Program to make money available for business energy efficiency upgrades, renewable energy and related improvements.

Borrowers participating in the program pay back the cost of the upgrades to the state Energy Improvement Corp. (EIC), which administers the loans on behalf of the county. The loan will be secured through a lien placed on the "Benefitted Property" by the EIC. (Source: Franklin County, Adirondack Daily Enterprise, Malone Telegram, 21 May, 2019) Contact: Franklin County Economic Dev., Russ Kinyon, Dir., www.fcadc.com; C-PACE Alliance, Cliff Kellogg (202) 744-1984, ckellogg@c-pacealliance.com, www.c-pacealliance.com

More Low-Carbon Energy News C-PACE,  Energize New York,  Energy Efficiency,  


C-PACE Alliance Releases Industry Guidelines (Ind Report)
C-PACE Alliance
Date: 2019-04-02
The Washington, DC-headquartered C-PACE Alliance, a coalition of large capital providers and transaction experts in the Commercial Property Assessed Clean Energy (C-PACE) industry, reports the release of its Case for Encouraging C-PACE Financing for New Construction Projects with six recommended guidelines for the design of C-PACE programs at the state and local level for new construction projects.

C-PACE allows property owners to finance improvements in energy and water efficiency and increased resiliency of commercial buildings. In the last two years, more than 30 new construction projects have closed, and the pace is picking up. C-PACE programs operate in 23 states and the District of Columbia, with more programs slated for 2019. Including retrofit projects, property owners have financed over $850 million in improvements in more than 1,800 buildings using C-PACE programs.

The Case for Encouraging C-PACE Financing for New Construction Projects is intended for policymakers' consideration in designing C-PACE programs for new construction projects. The CPA believes that programs designed according to these guidelines are more likely to achieve the program's environmental and economic development policy goals:

  • C-PACE programs should welcome and encourage new construction projects;
  • C-PACE program design should facilitate the broadest possible customer access;
  • The baseline energy efficiency to be eligible for C-PACE financing should not be set at an arbitrarily high level;
  • The C-PACE program's energy assessment requirements should be reasonable, low-cost and user-friendly;
  • Programs should expand the amount financeable through C-PACE to broaden its impact;
  • Programs should avoid extraneous terms and conditions not called for in the C-PACE authorizing legislation.

    The CPA believes projects that meet or have the capacity to exceed the local building codes' energy efficiency requirements should be eligible for C-PACE financing. This standard is already in practice in six states and the District of Columbia.

    Formed in 2018, the C-PACE Alliance includes six of the largest C-PACE capital providers along with major law firms, an accounting firm and a fintech company. (Source: C-PACE Alliance , PR, 29 Mar., 2019) Contact: C-PACE Alliance, Cliff Kellogg (202) 744-1984, ckellogg@c-pacealliance.com, www.c-pacealliance.com

    More Low-Carbon Energy News C-PACE Alliance,  Energy Efficiency,  


  • C-PACE Financing for $10Mn Calif. Multi-Unit Project (Funding)
    PACE
    Date: 2019-01-16
    Campbell, California -headquartered C-PACE project financing developer K2 Clean Energy Capital, LLC,is reporting the closing of a $10 million PACE transaction for a 102-unit multi-family housing development in Oakland -- the largest C-PACE funding for a new construction project in the multi-family sector reported to date by the national PACE organization .

    The C-PACE financing will fund multiple measures including roofing & insulation, HVAC systems, energy-efficient LED lighting, water efficiency, seismic measures and will contribute to the project goal of obtaining LEED Silver or Gold certification. (Source: K2 Clean Energy Capital, PR, 14 Jan., 2019) Contact: C -PACE, www.copace.com; K2 Clean Energy Capital LLC, Stephen Tsu, co-founder and Managing Director , Jonathan Pickering, Managing Director, jp@k2cleancap.com, www.k2cleancap.com

    More Low-Carbon Energy News C-PACE,  Energy Efficiency,  


    Delaware Passes PACE Energy Efficiency Financing Bill (Ind. Report)
    C-PACE
    Date: 2018-09-07
    The office of Delaware Gov. John Carney (Dem) is reporting the signing of legislation enabling Commercial Property Assessed Clean Energy (C-PACE) financing to support commercial energy efficiency and renewable energy projects.

    PACE loans are funded by private lenders and repaid through a voluntary assessment on the property's county tax bill. The Delaware Sustainable Energy Utility (DESEU) will administer the program. More than $688 million has been invested in clean energy projects nationwide since 2009, according to PACENation, (Source: Delaware Business Teimes, 5 Sept., 2018) Contact: PACENation, http://pacenation.us

    More Low-Carbon Energy News PACENation,  Commercial Property Assessed Clean Energy,  C-PACE,  Energy Efficiency,  


    Greenworks Lending, Mayfly Partner on Clean Energy Bldg (Ind. Report)
    Greenworks Lending
    Date: 2018-08-03
    Greenworks Lending, a national leader in Commercial Property Assessed Clean Energy (C-PACE) financing, is reporting the closing with Mayfly Outdoors to support the construction of Mayfly's new 41,000 square-foot headquarters and manufacturing center in Montrose.

    The project is one of the first ground-up new construction projects in Colorado to come through the state's C-PACE Program, which allows developers to use C-PACE funds for up to 20 pct of their construction budgets for property elements that meet or exceed the state's energy- and water-efficiency standards. It is also the second C-PACE investment in manufacturing for the state, and the second Montrose County project.

    Greenworks provides C-PACE financing in 13 states and the District of Columbia and has funded several energy retrofits of commercial buildings in the greater Denver metro area. C-PACE funding is designed to help building owners access private-sector financing to upgrade or build anew with energy-efficiency, clean-energy and water-efficiency infrastructure.

    Greenworks Lending is a private capital provider dedicated to funding commercial property owner investment in renewable energy and energy-efficiency projects through state legislated C-PACE programs on a national level. Greenworks utilizes C-PACE financing so building owners can access long-term, lower-cost capital to make smart, cost-saving improvements to commercial buildings. (Source: Greenworks Lending, PR, Aug., 2018) Contact: Greenworks Lending, Adam Moskowitz, (203) 837-7816, amoskowitz@greenworkslending.com, www.greenworkslending.com; Mayfly Outdoors, www.mayflyoutdoors.com; C -PACE, www.copace.com

    More Low-Carbon Energy News Greenworks Lending,  C-PACE,  Energy Efficiency,  


    Pennsylvania Set to Adopt C-PACE Financing (Reg & Leg)
    Pennsylvania DEP
    Date: 2018-06-08
    In Harrisburg, the Pennsylvania DEP reports Gov. Tom Wolf (D) will sign a new, bipartisan bill under which the Keystone State will become the first Northeaster US state in six years to enable Commercial Property Assessed Clean Energy (C-PACE).

    The legislation is aimed at helping commercial and industrial property owners finance upgrades for energy efficiency, water conservation, and renewable energy systems.

    The voluntary program allows municipal governments to set up energy improvement districts, where private lenders can give money to commercial, industrial, or agricultural property owners for eligible improvements to buildings. The money is repaid in the form of an additional tax payment, which remains attached to the specific, upgraded building if it is sold.

    The Pennsylvania legislation does not proscribe how the C-PACE program will ultimately be administered. (Source: Pennsylvania DEP, Energy News, 6 June, 2018) Contact: Pennsylvania DEP, www.dep.pa.gov

    More Low-Carbon Energy News C-PACE,  Energy Efficiency,  


    NYCEEC Co-CEO to Advance Energy Efficiency Financing (Ind. Report)
    New York City Energy Efficiency Corporation
    Date: 2018-05-16
    The New York City Energy Efficiency Corporation (NYCEEC) announced expanded senior leadership today to accelerate its growth and to deliver on its mission to advance energy efficiency and clean energy financing solutions. Board member Curtis Probst has joined Susan Leeds as co-CEO.

    The new leadership team will focus on growing NYCEEC's lending platform and new initiatives to build energy efficiency and clean energy financing markets for commercial and multifamily buildings. On the horizon are the launch of C-PACE in New York City, the strategic expansion of NYCEEC's loan originations to an eight-state region including New York State, and continued innovation in support of critical initiatives such as net-zero affordable housing renovations through RetrofitNY.

    NYCEEC is a non-profit finance company that provides loans and financing solutions for energy efficiency and clean energy projects. NYCEEC has financed over $135 million of energy efficiency and clean energy projects across hundreds of buildings and nearly 5,000 affordable housing units. (Source: NYCEEC, PR, PRNewswire, 15 May, 2018) Contact: NYCEEC, Susan Leeds, CEO, Posie Constable, Director of Business Development, Posie Constable, Head of Business Development, (646) 797-4630, pconstable@nyceec.com, www.nyceec.com

    More Low-Carbon Energy News New York City Energy Efficiency Corporation,  Energy Efficiency ,  


    Seagate Properties Taps CleanFund's C-PACE Financing (Ind. Report)
    C-PACE,CleanFund
    Date: 2018-05-09
    In the Golden State, Sausalito-headquartered CleanFund Commercial PACE Capital, Inc., a nationwide direct provider of commercial Property Assessed Clean Energy (C-PACE) financing, is reporting funding to San Rafael, California-based property developer Seagate Properties Ltd. for building upgrades to two projects in Marin County, California.

    Seagate Properties utilized CleanFund's 30-year C-PACE financing to install a 49.6 kW solar PV array and other improvements related to the building's heating and cooling systems. Seagate also recently CleanFund's C-PACE financing to install a 76 kW solar PV array in a second Sausalito, California office building.

    PACE was introduced in California in 2008 as a form of voluntary parcel tax assessment financing to fund qualifying improvements that reduce energy and water usage, and that provide seismic and other resiliency benefits to the built environment. C-PACE financing, which has been adopted in 33 states and the District of Columbia, allows property owners to repay qualified investments for building upgrades and new construction as a line item on their ordinary property tax bills. (Source: CleanFund Commercial PACE Capital, Inc., PR, 8 May, 2018) Contact: Seagate Properties, www.seagateprop.com; CleanFund Commercial PACE Capital, Greg Saunders, CEO, www.CleanFund.com

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