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Rethink Energy: Do You Own, Manage or Develop Commercial Property?

by ARLnow.com Sponsor March 3, 2018 at 12:15 pm 0

This regularly-scheduled sponsored column is written by the Arlington Initiative to Rethink Energy team (AIRE). This county program helps you make smart energy decisions that save you money and leaves a lighter footprint on the environment. 

We can help save you money.

Arlington County recently launched C-PACE (Commercial Property Assessed Clean Energy), a green financing program for Arlington buildings. C-PACE provides long-term financing for projects that improve the energy or water efficiency of existing or new commercial buildings in the county. 

Existing Buildings

The program makes it easier and cheaper for existing commercial properties to undertake efficiency-enhancing projects, such as:

  • Lighting retrofits
  • New heating and cooling systems
  • Added insulation and new windows
  • Water pump and electric motor upgrades
  • Solar panels and other retrofits…

Projects can be designed to be profitable from day one by providing long-term financing for up to 25 years. This is possible because the work lowers utility bills below the monthly repayment cost. The program was created by the County through a public-private partnership, and no County funds are used to facilitate building upgrades and energy reductions.

New Development

Commercial property developers can finance up to 20 percent of the total construction cost of their new buildings, provided the building exceeds minimum energy efficiency standards.

Learn more

If you own, manage or develop commercial property in Arlington learn more at: www.arlington-pace.us

Contractors can learn more at the upcoming workshop on March 8 at 8 a.m. Space is limited. Learn more and RSVP here: https://arlington-pace.us/event/c-pace-contractor-workshop-030818/

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