Every year, American building owners lose billions of dollars as they overpay for energy to power their lighting, heating, and cooling systems, as energy is wasted in obsolete equipment or leaks out of a porous building envelope. The right energy efficiency measures can reduce costs by 20% to 40%, but they can also require substantial upfront sums. Additionally, (more…)
Earlier this year, President Barack Obama released a National Climate Action Plan signalling the US had entered a deliberate new phase in global emissions reduction by taking a commercially and socially driven approach, enabling “climate action” on a domestic and international level. (more…)
In the depths of the Great Recession three years ago, California’s chief fiscal officer John Chiang gathered his deputies and posed a question: “Is there any way we can put capital on the ground in California to put people back to work in ways that would make sense for the long term?”
After some debate, they settled on what they called (more…)
Although the Federal Housing Finance Agency (FHFA) has created strict requirements for residential property-assessed clean energy (PACE) programs, a few states and cities are continuing to develop programs and pass legislation.
PACE programs make it possible for homeowners to (more…)
But when it’s done with its energy-efficient project, the group representing some 7,000 delivery and bus drivers and warehouse workers can see that cost shrink to as low as $10 a month. (more…)
In my last post about Connecticut’s clean energy finance efforts, I alluded to an important innovation in their Property Assessed Clean Energy (“PACE”) financing program for commercial properties. PACE programs have been in place for several years, and the basic concept is that property owners are able to pay back clean energy financing (more…)
Commercial and industrial property owners in Stamford can now make their buildings more energy efficient thanks to the city’s new partnership with a clean energy group.
“I have no doubt the city will help lead the state going forward in green energy,” Bryan Garcia, president (more…)
Butte County is taking the lead in a program that provides an alternative funding source for businesses or agricultural interests that want to invest in green energy or water-efficiency projects.
The totally voluntary program allows a borrower to get the funding without going through all of the (more…)
Ygrene Energy Fund Florida, a leading provider of commercial and residential property upgrade programs for Floridian governments, announced that it has formed a strategic joint venture with EcoAsset Energy Solutions, a subsidiary of Lykes Bros. Inc., a 100-year old local, family-owned company and the largest private landowner in Florida. (more…)