DENVER – Feb. 10, 2017 – Colorado C-PACE, a program that enables building owners and developers to finance the integration of energy efficiency measures, today announced its support of the second annual PACENation Summit 2017 to be held February 13 – 15 in Denver. The event will feature three days of speakers, interactive sessions and networking opportunities for an estimated 500 attendees.
Colorado C-PACE is managed by the Colorado New Energy Improvement District (NEID) and receives support from the Colorado Energy Office (CEO). The program announced its first project closings in the fourth quarter of 2016 and has a growing pipeline that exceeds $55 million in project value. At least 10 Colorado C-PACE projects are expected to close in the first quarter of 2017 – three of which are for new construction.
Paul Scharfenberger, NEID Chairman, is pleased with the program’s progress. “The program engenders building owner confidence because it has three critical pillars in place: NEID as the government sponsor with oversight responsibility; SRS (Sustainable Real Estate Solutions) as the independent reviewer of each project’s technical and financial merits; and pre-qualified capital providers that enable an open, competitive lending model. Our lending model allows local lenders, national banks and PACE capital providers to participate in project financing.”
“It is far more cost-effective to build energy efficiencies into new buildings than to retrofit existing structures, and developing buildings with an eye toward long-term sustainability is a smart move,” said Brian J. McCarter, CEO of SRS, program administrator for Colorado C-PACE.
For PACENation 2017, PACE expert McCarter will moderate a panel discussion, “C-PACE for New Construction.” The session will profile Colorado C-PACE’s first new construction transaction and feature Scharfenberger as a panelist.
Thirteen counties – Adams, Arapahoe, Boulder, Broomfield, Delta, Denver, Eagle, Garfield, Jefferson, Lake, Pitkin, Pueblo and Routt – are participating in the Colorado C-PACE program. Go to PACENation Summit 2017 to learn more about this year’s conference.
Read the full press release here.