A free workshop has been scheduled in Western Colorado to offer information about financing for energy and water efficiency improvements to commercial properties.
The half-day workshop is set for 8:30 a.m. March 10 in Room 301 of Colorado Mountain College, located at 1402 Blake Ave. in Glenwood Springs. To register, visit the website at www.GarfieldCleanEnergy.org.
The workshop is required for contractors and project developers to become registered with Commercial Property Assessed Clean Energy (C-PACE) and develop C-PACE-financed projects. At the workshop, C-PACE experts will help contractors and project developers identify eligible projects and prepare a proposal for an optimized project that includes C-PACE financing benefits.
“Join us on March 10 to put C-PACE financing in your tool bag and start developing projects as a registered C-PACE contractor,” said Tracy Phillips, director of the C-PACE program.
C-PACE financing allows owners of commercial properties, including multi-family housing, to make energy efficiency, water efficiency and renewable energy upgrades to their properties. Financing for the projects comes from participating lenders, and loans are repaid through an annual assessment on the owner’s county property tax bill. The repayment can be extended over 20 years.
Since the savings associated with energy and water efficiency projects typically exceed the annual assessment, the projects generate cash flow. Technical and financial projections for each project must be confirmed by an independent third party.