New Program Will Help Simsbury Businesses Finance Energy Efficient Upgrades

Town of Simsbury adopts C-Pace Program, informational session for business owners to be held Thursday.

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.

Robert Kalechman January 03, 2013 at 04:35 AM
here we go again the Board of selectman support clean energy and you pay the bill this has gone on far to long first we had Connecticut light and power Co. collecting the citizens of Simsbury Electric bills and giving a cut to Simsbury .now we have people paying higher rates to C Pace in my opinion this is gone on to long far to long Now I am told the air port at Bradley Board Chair or co chair is behind this group This is wrong in my opinion where does it end follow the money and you will see
Bill January 03, 2013 at 04:47 PM
I agree. The Board of Selectman here have been complaining about not having enough taxes to support our town yet they do useless stuff like this. Other examples of wistful spending is the cornerstones at the entrances of Simsbury and the stop light on rt 10 in front of Antonio's, which the state will not let them turn on since they built it on a state road without their approval. I don't actually know but all these new businesses like the Health center on rt 10 near Granby and the new apartment buildings next to the high school. They have special tax treatment like The Hartford did. They will stay in the town as long as that tax treatment lasts then they'll leave as soon as they have to pay higher taxes just like The Hartford is doing.


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