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