Easton Area district may get $8 million in energy efficiency upgrades Lehigh Valley Live, June 15, 2015. Image credit: Taken Constellation NewEnergy officials said the upgrades in lighting, heating, cooling and other systems would pay for themselves in 16.3 years. With interest and financing costs, the project is $10.7 million. Ted Hughes of Constellation said […]
Austin Launches Texas’ Inaugural PACE Program, Unleashes Private Funding for Water and Energy Efficiency EDF, March 24, 2015 Today marked a milestone for Texas’ clean energy economy. Travis County voted to adopt the Property Assessed Clean Energy (PACE) program, making it the first county in Texas to do so. This means Austin and the surrounding […]
California launches pilot program to finance multifamily retrofits for energy efficiency Building Design + Construction, February 17, 2015 The Obama Administration and the state of California are teaming with the Chicago-based MacArthur Foundation on a pilot program whose goal is to unlock Property-Assessed Clean Energy (PACE) financing for multifamily housing. PACE programs provide money to […]
There are tremendous financial benefits to building owners and tenants who implement energy efficiency projects. In fact, energy efficiency improvements are generally much cheaper than any type of electricity generation project on a “levelized cost of energy” (LCOE) basis.
Q&A discusses the future of renewable and efficient energy project financing with Bryan Garcia, president of the Clean Energy Finance & Investment Authority, which is changing its name to Connecticut Green Bank.
Whether it’s financially doable may depend on where you live, of course. Clean energy financing in the United States is a hodgepodge of public and private-sector programs that vary considerably across, and within, state boundaries.
Last year, utilities in Indiana were ordered to refund $32 million to ratepayers. Those funds represented the balance of $74 million that was collected for energy efficiency projects, many of which were never implemented.
