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Clinton-Backed Efficiency Program Tackling 30m Sq Ft of Commercial Space

A Los Angeles program backed by the Clinton Climate Initiative is giving building owners financing and free energy assessments, in an effort to raise the efficiency of 20 to 30 million square feet of commercial space. The LA Commercial Building Performance Partnership aims not only to help commercial property owners make their buildings more energy and water efficient, but also to save tenants money. The partners say they will offer financing at competitive rates to cover up to 100 percent of the cost of an owner’s energy upgrades. One option available through the partnership is property assessed clean energy (PACE) financing, in which building owners can secure capital and repay the costs through their property tax bill, payable over periods of up to 20 years. Improvements to building energy and water efficiency could include on-site clean energy generation, lighting and chiller plant upgrades or the installation of new technology to control and monitor energy use.

10/13 Environmental Leader