C-PACE offers financing options for improving energy efficiency

C-PACE offers financing options for improving energy efficiency

Thursday, January 24, 2019 | Industry

C-PACE offers financing options for improving energy efficiency

Looking to modernize an existing building or build a new energy-efficient building? Need to replace outdated equipment?

The City of Moab and Grand County are now designated as C-PACE (Commercial Property Assessed Clean Energy) Districts. This state program provides affordable, longterm private financing for energy efficiency, water efficiency, and renewable energy projects, as well as seismic retrofits, and other improvements for commercial and industrial buildings.

The announcement was made via a press release from the city on Jan. 18.

C-PACE also has a U-Save program for schools and local government buildings.

Business owners, developers, school and government representatives are invited to learn about the C-PACE program during an event on Wednesday, Jan. 30 from 11:30 a.m. to 12:30 p.m. at the Atomic Grill & Lounge, 1393 N. U.S. Highway 191.

The City of Moab’s sustainability department staff and a representative from the Utah Governor’s Office of Energy Development will provide a short, 15-minute presentation. The information session will also include time for questions and networking.

The event, hosted by the City of Moab and the owner of Atomic Grill & Lounge, is introducing C-PACE and identify how Moab business owners can use the program’s innovative financing to install energy-efficient improvements. Features of the C-PACE program include up to 100 percent in financing (soft and hard costs) and lower utility bills

C-PACE financing is available through private capital providers, giving participants the opportunity to select the best loan terms. There is no money down and typically, no personal guarantee is required. In well-designed projects, the energy cost savings may actually outweigh the C-PACE payments, improving net operating income.

Register online for the Jan. 30 event at www.bit.ly/C-PACEOpenHouse.

Source: Moab Sun News

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