Source: CO PACE.
DENVER – Sept. 21, 2016 – The New Energy Improvement District (NEID) announces financing for Colorado’s first Commercial Property Assessed Clean Energy (C-PACE) project. NEID, with Colorado Energy Office (CEO) support, oversees the development of Colorado C-PACE projects. The Boulder County project is a 42,000 sq. ft. commercial and industrial facility owned by Urban Green Development. The facility will undergo energy improvement measures totaling approximately $320,000, with a loan from Citywide Banks.
“The availability of Colorado C-PACE financing was the catalyst that drove our decision to make these important building improvements,” said Scott Kiere, Chief Executive Officer of Urban Green Development. “This investment will increase the asset value, lower energy costs and reduce greenhouse gas emissions.”read more