Private Sector PACE Takes Off in Michigan

Southfield, MI (PRWEB) April 03, 2014 — See full release

Lean & Green Michigan announced today the first privately financed Property Assessed Clean Energy (PACE) project in Michigan. The project involves over $ 1,000,000 of improvements to the 1-800-Law-Firm building at 26700 Lahser Road in Southfield. Over $ 500,000 will be financed through PACE, an innovative new tool that allows any business to use a property tax assessment to obtain much longer term financing than is otherwise available in the capital markets.

Andy Levin, the President of Lean & Green Michigan and the administrator of Southfield’s PACE program said, “Today marks the beginning of a new era of cost saving for Michigan businesses of all kinds. The door is now wide open for businesses to save money by making their buildings more efficient and producing their own clean energy.”

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For more information about PACE in Michigan, see http://www.midwestenergynews.com/2014/05/09/pace-is-picking-up-for-michigan-efficiency-program/

PACENow: PACE in Michigan: Program Lets Business Set PACE on Green Building

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