The proposed project consists of providing financing to support the implementation of a Property Assessed Clean Energy (PACE) funding program for qualified energy efficiency, renewable energy and water conservation improvements in non-residential properties, such as commercial, industrial, and agricultural facilities (the “Project”).1 The Project will be implemented within the 100-kilometer (62.5 mile) border region of the United States in cities and counties with PACE approved legislation.
The Project will decrease demand on fossil-fuel-based energy sources and/or decrease demand on water sources through the financing of energy efficiency, renewable energy and water conservation facility improvements for non-residential properties (“sub-project”), contributing to the displacement of harmful emissions and improved water management.
The Project is expected to generate environmental and human health benefits related to the implementation of renewable energy, energy efficiency and water conservation subprojects, considering the following results measurement indicators:
Renewable energy and energy efficiency subprojects:
o Renewable energy generation capacity (kilowatts)
o Energy savings (kilowatt-hours).
o Emission displacement per year based on the quantity of energy savings.
Water conservation subprojects: quantity of water savings (gallons of water/year).
| Total Project Cost | US 63M | ||||
|---|---|---|---|---|---|
| NADBank Funding |
US 50M - NADBank Loan |