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A Pilot Commercial PACE Project in Connecticut!

NORWALK — The Westport Avenue shopping center that is home to Bed Bath & Beyond, Edge Fitness and Bow Tie Cinemas could become Norwalk’s first participant in a new energy conservation program. The Common Council last week approved the city’s participation in the state’s Commercial Property

Bucking A Trend, California Residential Clean Energy PACE Program Thrives

Resistance from federal housing officials nearly scuttled the residential market for property assessed clean energy (PACE) financing, as cities and counties across the country shuttered programs. But a few jurisdictions bucked the trend. One outlier is the HERO (Home Energy Retrofit Opportunity) program, which appears

Norwalk, CT to opt into state’s Commercial PACE program.

NORWALK — Commercial property owners in Norwalk could become eligible for low-interest loans to make their buildings more energy efficient, if the city opts to participate in the state’s Commercial Property Assessed Clean Energy program. On Thursday night, members of the Common Council’s Finance/Claims Committee

Western Riverside County’s PACE Program Hits $50M in Approvals

Momentum continues to grow for the HERO Financing Program, which allows homeowners in Western Riverside County to finance home energy and water efficiency improvements through their property taxes. The Western Riverside Council of Governments (WRCOG) today announced that $50 million in home energy retrofits have

San Diego approves PACE

San Diego councilmembers approved a financing mechanism Tuesday that will make it easier to be green. The mechanism, called Property Assessed Clean Energy (PACE) allows commercial property owners to borrow bond money that finances energy and water efficiency improvements on their property. The loan is repaid through

California Public–Private Partnership Launches Nation’s Largest Commercial PACE

14 California counties and 126 cities Sept. 20 launched the first state-wide and the nation’s largest PACE (Property Assessed Clean Energy) program. Aimed at reducing energy and water consumption on commercial properties, the California Statewide Communities Development Authority’s (CSCDA) CaliforniaFIRST program enables commercial property owners

PACE: A Smart Way To Finance Retrofits!

Suppose your company wishes to increase energy efficiency and reduce operating costs by retrofitting its existing properties. What if the retrofit costs could be paid without diverting funds from the company’s capital budget, impairing growth capital, reducing cash reserves or drawing on traditional credit sources?

Bridgeport, CT to join statewide Commercial PACE program!

On Monday night, the City Council approved an agreement with the Clean Energy Finance and Investment Authority (CEFIA) to create a Commercial Property Assessed Clean Energy program, also known as C-PACE, for businesses and industrial buildings in the city. Bridgeport is the first municipality in

The City of Modesto to Implement PACE

The city would devote perhaps $10 million for financing PACE projects for the next five years. Participants would agree to pay for the upgrades as an addition to property taxes over 10 to 20 years. Placer and Sonoma counties and Palm Desert are among local

News from Australia!

The Suleman Property Group in Melbourne is benefiting from innovative Environmental Upgrade Agreement (EUA) financing to make a tired 15-storey office block in the CBD 30 per cent more energy efficient. In 2010, the Victoria Government passed legislation enabling Melbourne City Council to be the