Lafayette, CO—Colorado C-PACE announced today that property owner Ben Vinci, in collaboration with LONG Energy Solutions and Bellco Credit Union, will finance comprehensive energy efficiency upgrades for his building located at 2250 South Oneida in Denver, CO. Upgrades to the building, which is home to the Colorado Cheese Company, include installation of a high efficiency boiler, an energy management system and direct digital controls.
The project’s state-of-the-art technologies will be 100 percent financed at competitive rates. For the owner this means lower energy costs for the estimated 15-year useful life of the equipment, tenants will enjoy a more comfortable building, and the City of Denver will have lower greenhouse gas emissions.
LONG Energy Solutions developed this HVAC project for the Colorado Cheese Company building. Scott Papay, Sales Manager with LONG Energy Solutions, said, “To take an aging inefficient building, install the latest equipment to ensure its sustainable future and vibrant impact on the community, is one of the best uses for C-PACE financing.”
Bellco Credit Union, one of the largest credit unions in Colorado, provided the $236,000 in C-PACE financing. The benefits of C-PACE financing are well-aligned with Bellco’s commitment to help customers lessen their impact on the environment.
About Colorado C-PACE
A program of the New Energy Improvement District (NEID), administered by Sustainable Real Estate Solutions, Colorado C-PACE facilitates financing for energy and water improvements in new and existing commercial buildings, including new heating/cooling systems, lighting, water pumps, insulation, and renewable energy projects. C-PACE offers long-term financing that covers 100 percent of the project cost and is repaid over a period of up to 25 years. The payments are structured as a regular line item on the property tax bill. When a property is sold, the C-PACE assessment can stay with the property and transfer to the new owner, who enjoys the ongoing utility cost savings associated with the project.
Sustainable Real Estate Solutions (SRS) partners with state and local governments to administer commercial property assessed clean energy (C-PACE) programs. Founded in 2010 by experienced commercial real estate and energy efficiency professionals, the company’s proprietary technology-enabled Energy Performance Improvement Calculator (EPIC™) tool streamlines the management of the data-intensive C-PACE technical and financial underwriting process. SRS’s Investor Confidence Project-credentialed quality assurance methodology has facilitated over $500 million in C-PACE financing nationwide. SRS empowers C-PACE public-private partnerships across the country. The company is based in Newtown, Connecticut.