Akron’s Energy Special Improvement District expanded to all of Summit County

Summit County Council recently voted to “expand the Akron Energy Special Improvement District [ESID] throughout the county” to offer an incentive to organizations to “make energy-efficient improvements,” Cleveland.com reports. Businesses, local governments, and nonprofits “will be eligible to fund energy-efficient lighting upgrades, roof repairs, window repairs and other energy-efficient renovations through the Property Assessed Clean Energy program,” known as PACE, according to the article. The program allows commercial property owners to finance those improvements and repay the loans through property assessments. Summit County Executive Ilene Shapiro said the expansion “will create economic development opportunities that are not only energy efficient but financially beneficial for our largest cities and our smallest townships.” For more, read the full article

Energy Efficiency, Funding Opportunities, Project Finance

JPMorgan Chase & Co. will install state’s largest solar array on Polaris building

JPMorgan Chase & Co. plans to start construction this fall on a 20-megawatt solar array on its largest building worldwide, the McCoy Center at Polaris, The Columbus Dispatch reports. The array, which will be the “largest rooftop solar array in the state,” is part of the bank’s plans “to rely exclusively on renewable energy by 2020,” according to the article. The generating capacity of the array is “about two-thirds of the electricity needed to run the building.” Chase also plans to invest $200 billion by 2025 “to finance clean-energy projects for corporate and investor clients around the world.” Jamie Dimon, Chase’s CEO, said in a statement, “[t]his global investment leverages the firm’s resources and our people’s expertise to make our operations more energy efficient and provide clients with the resources they need to develop more sustainable products and services.” For more, read the full article

 

Energy Efficiency, Renewable Energy, Solar, Sustainability

O’Bleness Hospital’s energy efficient lighting upgrade provides multiple benefits

A “major overhaul” of OhioHealth O’Bleness Hospital’s lighting system will not only save money on energy costs, but also improve safety and sustainability, The Athens Messenger reports. The hospital converted all of its lights to light-emitting diode (LED) fixtures that will use one-third of the energy conventional lights use, according to the article. O’Bleness President Mark Seckinger said the upgrade will not only lower energy costs, but also improve the facility for patients, enhance campus safety and “allow us to be responsible environmental stewards.” The conversion to LED lights “will prevent 775 metric tons of carbon dioxide from entering the atmosphere,” an amount equal to what a passenger vehicle would produce driving 1.8 million miles. It is estimated that “the parking lot will become 50 percent brighter at night,” increasing visibility for staff, patients and visitors. For more, read the full article

Energy Efficiency, Environmental, Sustainability

ODSA program offers low-interest loans for energy efficiency improvements

The Ohio Development Services Agency’s Energy Loan Fund is accepting applications from eligible organizations seeking low-interest financing for energy efficiency improvements. The fund offers loans from $250,000 up to $2.5 million for projects to install efficiency measures that reduce energy by at least 15 percent. Those eligible to apply include small businesses, manufacturers, local governments, nonprofit organizations, school districts, colleges and universities. For program guidelines and information on the application process, click here.

Energy Efficiency, Funding Opportunities, Project Finance

Springfield school district approves energy optimizer program

A new program will allow the Springfield Local School District to “use 35 percent less energy than other neighboring school districts” through energy upgrades, Akron.com reports. The Springfield Board of Education recently approved the project agreement with Energy Optimizers, USA LLC “for the purpose of furnishing certain services and work designed to improve district facilities,” according to the article. Improvements include changing out existing lighting to “energy-efficient, LED lighting, cutting the district’s power usage in half,” efficiency controls and monitoring “to better manage the district’s heating, ventilation and air conditioning systems.” Two boilers will also be replaced; district Business Manager Dustin Boswell said “the new boilers will greatly reduce the use of natural gas and provide more reliability on the heating systems.” For more, read the full article.

Energy Efficiency

Energy Works and Finance Authority partner to offer green energy financing

Two local programs are working together to promote sustainability by offering low-interest loans to Franklin County businesses, non-profit organizations and local governments for green energy upgrades. Franklin County Commissioners established Energy Works in 2015 to help keep Columbus green and attract new businesses. The Commissioners plan to commit $1.5 million annually for five years for energy upgrades to aging buildings as well as other green energy projects. The Columbus-Franklin County Finance Authority’s Energy Loan Fund is an economic development tool providing financing for energy efficiency improvements. The Finance Authority uses funds from Energy Works as well as its own funds to provide low-interest loans ranging from $200,000 to $6 million for projects such as PNC Plaza’s (see our March 17, 2016 blog post) and Trinity Lutheran Seminary’s energy upgrades.

Energy Efficiency, Environmental, Project Finance, Sustainability

Kent State investing $50 million in energy efficiency upgrades

Across all eight Kent State campuses, the university has invested “roughly $50 million so far” on energy efficiency and renewable energy improvements, KentWired.com reports. The upgrades include “retrofitting lighting, replacing air handlers and installing energy efficient utility devices as well as utilizing renewable energy where possible,” according to the article. Michael Bruder, executive director of facilities planning and design, said the upgrades will pay for themselves through energy savings. “The money that we would have spent for energy that we save every year pays off a loan to do that work with the contractor. After that loan is paid off, we just continue to have those energy savings,” Bruder said. Kent State previously installed a solar system on the field house roof. For more, read the full article

Energy Efficiency, Renewable Energy, Solar

Greenworks offering PACE financing for energy upgrades to Ohio businesses

Connecticut-based finance company Greenworks Lending is expanding into Ohio to offer commercial building owners Property Assessed Clean Energy (PACE) Financing for energy upgrades, Cleveland.com reports. Aaron Kraus, director of market activation for Greenworks, said PACE is “very low-cost capital over a length of time that you would not be able to get in any other manner” because loans are repaid through assessments added to property taxes. Greenworks is “looking for owners of medium and small buildings who want to cut their energy bills” without having to make a down payment, according to the article. The company’s first financing project in the Greater Cleveland area is the “$82,500 energy-efficient ‘cool roof’” on the headquarters for Mammana Custom Woodworking. Bricker & Eckler served as PACE counsel for the project. For more, read the full article.

Energy Efficiency, Funding Opportunities, Project Finance

The PUCO determines it will police the prices of submetering companies

On June 21, 2017, the Public Utilities Commission of Ohio (PUCO) issued a Second Entry on Rehearing in its submetering case, which states that submetering companies cannot charge residential customers more for utility services than they would be charged by their local regulated utility. This entry represents the PUCO's intention to police the prices submetering companies charge residential customers. For more, read the full article.

Energy Efficiency

First PACE project in Sycamore Township completed

Kids First Sports Center is the first building in Sycamore Township to complete an energy-efficiency project with PACE financing, the Cincinnati Business Courier reports. The 108,000-square-foot youth sports facility and preschool “used PACE to finance a $650,000 energy improvement project that included the installation of rooftop solar energy panels . . . the replacement of fluorescent lighting with LED lighting and the installation of new insulation panels in the facility’s gymnasium,” according to the article. In a press release, Kids First owner Jeff Metzger said the improvements “will reduce the facility’s energy costs by 50 percent” and called PACE “a tremendous approach to improving buildings and the environment.” Bricker & Eckler served as PACE counsel for the project. The PACE program provides financing for the total cost of energy projects, and the loans are repaid through special assessments on the property’s tax bill (see our Energy SIDs & Pace Financing Resource Center).  For more, read the full article.

Energy Efficiency, Environmental, Project Finance, Solar
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