Sacramento Office Park Retrofits with PACE Financing, Reduces Energy 27%
Clean Energy Sacramento launched the largest Property Assessed Clean Energy (PACE) project in the country, according to the Environmental Defense Fund.
Sacramento’s Metro Center Corporate Park will take advantage of $3.16 million in PACE financing to make energy efficiency upgrades, including replacement of rooftop units with high efficiency equipment and installation of a Metasys building management system from Johnson Controls to control the mechanical equipment and interior and exterior lighting.
The retrofit will enable Metro Center to apply for LEED certification.
Recently, Milwaukee announced a similar arrangement connecting private capital with building owners to fund energy efficiency improvements through a commercial PACE program. Milwaukee’s Economic Development Corporation is working with California-based Clean Fund to finance the energy efficiency projects for commercial buildings via PACE, and Johnson Controls is also involved in the Milwaukee projects.