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Bushnell lands second C-PACE project

The Bushnell in Hartford will be the second commercial property in Connecticut to use the new C-PACE program to upgrade its energy systems at no upfront costs.

The Commercial Property Assessed Clean Energy program allows business property owners to use low-cost financing to buy more energy efficient equipment and install renewable systems where the savings achieved by the upgrades exceeds the annual payments for the construction. The financing is made on the property, so if the land is ever sold, the costs remain with the new property owner, who would benefit from the new systems.

The Bushnell will purchase a new boiler to replace its 40-year-old one that is 60 percent less energy efficient. The upgrade is expected to save The Bushnell $48,000 annually, more than the debt service on the boiler. The agency also will receive a state Clean Energy Business Solutions grant to make the upgrade. Read more.

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