CT property owner receives $5 million for efficiencyHartford Business, November 5, 2013
The owner of three Connecticut commercial buildings has received more than $5 million in private financing through the state’s Commercial Property Assessed Clean Energy program.
C-PACE leverages public dollars to obtain private funding for energy efficiency and renewable energy products on commercial property. Under the program, the property owners pay no upfront costs and the annual payments on their loans are less than the annual energy savings from their upgrades.
Mark Greenberg received $5.05 million in C-PACE financing for his properties in Middletown, Windsor, and Simsbury.