Peter Stevenson, owner of All Green It, LLC, made a presentation to the Harwinton Board of Selectman Tuesday night about the Commercial Property Assessed Clean Energy (C-PACE) Agreement offered through the Clean Energy Finance and Investment Authority (CEFIA) at the board’s regular meeting.
C-PACE is, “an innovative program that is helping commercial, industrial and multi-family property owners access affordable, long-term financing for smart energy upgrades to their buildings,” according to their website. CEFIA, formally the CT Clean Energy Fund, assesses clean energy upgrades for businesses and if the potential energy savings cover the financial costs of the project, they will front the cost 100 percent.
The property owners then pay the company back over time by, “placing a voluntary assessment on their property tax bill,” Genevieve Sherman, manager of Commercial & Industrial PACE had explained for a previous Register Citizen article. Read more.