Submitted by the Town of Simsbury
The Town of Simsbury’s Board of Selectmen and the Town’s Economic Development Commission recently voted to adopt C-PACE – a program designed to help businesses, including owners of existing multifamily residential, commercial and industrial buildings, to obtain the financing they need to make their buildings more energy efficient.
Businesses and others interested in learning about the program are invited to meet Jessica Bailey, Director, Commercial and Industrial PACE Clean Energy Finance and Investment Authority at a meeting on Thursday, January 10, 2013 at 5:30 p.m. in the Main Meeting Room, Simsbury Town Hall, 933 Hopmeadow Street, Simsbury. The meeting will be jointly hosted by the Board of Selectmen and the Economic Development Commission.
Mrs. Bailey will discuss the C-PACE (Connecticut-Property Assessed Clean Energy) program that allows building owners to access cleaner, cheaper and more reliable energy and incorporate these improvements into their commercial and industrial buildings. In fact, in addition to non-residential buildings, the C-PACE program is also available to buildings with five or more dwelling units.
C-PACE is administered by Clean Energy Finance and Investment Authority (CEFIA) and provides financing to commercial, industrial and multi-family building owners for significant energy upgrades to these properties. The types of improvements which are eligible for the C-PACE program include: high efficiency lighting; HVAC upgrades and controls; high efficiency chillers, boilers, furnaces and water heating systems; building enclosure/envelope improvements; renewable energy systems, and many others. While there is no financing minimum, the program is best suited to capital improvements greater than $150,000.