Greenworks Lending hosted a Commercial Property Assessed Clean Energy (C-PACE) workshop with the SW Ohio Chapter of the Association of Energy Engineers and the Greater Cincinnati Energy Alliance on March 13th. The workshop profiled the $1.8MM multi-measure energy improvements executed by Process Construction at Central Parke Business Park in Norwood, OH (greater Cincinnati) for property owners PBY Partners.
Energy efficiency measures deployed at three buildings in the business park primarily include new water source heat pumps and cooling towers. The projects improved the infrastructure and efficiency of buildings that were originally built in the early 1990s and purchased by PBY Partners in 2014. Savings in total are projected at more than $2.7MM over the life of the equipment.
While discussing the project, Brian Horvath, Process Construction’s Service Manager professed the advantages of commercial PACE financing stating, “If you are in the commercial property business, PACE financing is one of the best arrows, in your quiver, to fund projects. To be able to fully fund energy upgrades without any upfront, out of pocket expense is incredible. The PACE payment structure allows property owners and managers to free up funds, to take care of other needs.”
Brian Horvath (right), of Process Construction, leading a discussion of the energy improvement measures with the SW Ohio Chapter of the Association of Energy Engineers and the Greater Cincinnati Energy Alliance.