Southfield, MI (PRWEB) December 03, 2014
When it comes to innovative Property Assessed Clean Energy (PACE) financing, the City of Southfield is on a roll!
Mayor Brenda Lawrence announced that Star Lincoln, 24350 W. 12 Mile Road, will be the first car dealership in Michigan and one of the first in the nation to use PACE financing for energy upgrades to its facility. That announcement comes hot on the heels of news that 1-800-LAW-FIRM will unveil its solar, wind and Electric Vehicle (EV) charging upgrades on Dec. 3 at 1:00 PM.
Star Lincoln, operated by Hoot McInerney and his family for 40 years, is undertaking a comprehensive makeover of its building envelope and lighting, heating and compressed air systems. The $485,000 project will save so much energy that out of every $1 invested, 83 cents will go to repaying the PACE assessment and 17 cents will be positive cash flow for the business – for 20 years.
The energy efficiency project, managed by The Energy Alliance Group of Michigan, will include interior and exterior LED lighting, highly-efficient heating systems, a variable speed drive compressed air system, high-speed service entry doors and improvements to the building envelope.
In addition, Star Lincoln will qualify for more than $20,000 in utility rebates from DTE and Consumers Energy. “This is a perfect example of how the PACE program works,” said Scott Ringlein, founder and CEO of The Energy Alliance Group of Michigan. “By taking a holistic approach to energy efficiency, business owners can benefit from multiple energy efficient upgrades rather than just individual ones. With no out-of-pocket costs and an immediate improvement in cash flow, this is a win-win for everyone.” Read more.