Arlington County just became the first jurisdiction in the Commonwealth to use a private sector financing program to help local businesses go green.
The county and the state’s first business to get a clean energy boost is Rocklands Barbeque and Grilling Company, which recently had loans approved through a new county program to pay for upgrades to its roof at 3471 Washington Blvd in Virginia Square, as well as the installation of solar panel systems on two nearby properties. The work will likely be complete in October.
The systems “will lower our utility bills and reduce greenhouse gas emissions, which is aligned with our overall sustainability goals of reducing our carbon footprint on the environment,” said Rocklands owner John Snedden, adding that the financing kept them from using operating funds. “That’s the right thing for our business, customers and community — a win-win-win.”
Financing for Rocklands’ project and others is available through the Arlington Commercial Property Assessed Clean Energy (C-PACE) program, launched in 2018, which matches building owners seeking to make sustainability improvements with private capital providers who can finance them. Arlington’s C-PACE program is one of many nationwide, and is administered by the Connecticut-based Sustainable Real Estate Solutions.
“Arlington continues to develop innovative solutions to help make our community more sustainable,” said County Board Chair Matt de Ferranti. “C-PACE is such a solution: It both advances several goals in our Community Energy Plan and is the first of its kind for our small business community and new commercial developments. We’re thrilled to announce this step forward.”
Scott Dicke, who directs the Arlington C-PACE program, called the Rocklands solar financing a “historic first for Arlington and the Commonwealth.”
There are a few other applications in the pipeline that may be evaluated but may not get financed, said Department of Environmental Services spokesman Rich Dooley.
“There are myriad reasons for this,” he added. “We are hopeful that this first project to go to closing shows other property owners in Arlington and around the Commonwealth that C-PACE financing is a real financing option.”
Rocklands obtained 100% financing, or $125,000 through Arlington Community Federal Credit Union.
“We are proud to support Rocklands in their sustainability efforts and to finance the first of many C-PACE partnerships in Arlington,” said Jim Wilmot, the bank’s chief lending officer.
Building owners can obtain financing for up to 100% of the hard and soft costs associated with improvements related to improving energy efficiency, switching to renewable energy and increasing water conservation.
Meanwhile, developers can get up to 20% of a new building’s total eligible construction costs financed, provided the proposed building exceeds certain energy performance codes.
Good Tuesday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…
James Yoo, 56, is presumed dead as a result of the explosion of the duplex at 844 N. Burlington Street, in the Bluemont neighborhood, Arlington County police confirmed during a news conference this afternoon.
A land-use study teeing up an affordable housing redevelopment project in Aurora Highlands has generated significant interest as it nears completion.
Booeymonger in Ballston will be replaced by a new full-service Nepalese restaurant this spring, according to the incoming tenant.
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Children’s Weekday Program (CWP) is a non-profit preschool rooted in a play-based philosophy. We focus on developing a love of learning and exploration, cooperation, empathy, and independence.
Our caring and experienced educators create opportunities for children 16 months to 5 years old to play, learn, and grow in a nurturing environment of child-centered and developmentally appropriate experiences.
Initially established more than 50 years ago in South Arlington, CWP continues to be a lauded program in the Northern Virginia area. We are extremely proud to have been recognized as a Best Preschool in Northern Virginia Magazine for the last 4 years.
Located now in North Arlington at 2666 Military Road, CWP offers a part-time parents day out and preschool program with options to extend care both before and after school. We offer a supportive and inclusive school community for children and parents alike and welcome all families to join our school!
Holiday Art Show featuring artists: Peter Fitzgerald, Claire Plante, Alanna Rivera, and Suzy Scollon. At the Barcroft Community House, 800 South Buchanan St., Arlington, VA. Dec. 8 from, 2 PM to 8 PM and Dec. 9 from 10 AM to