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Energy-Efficiency Financing Available for Racine, WI Businesses

Local businesses will now be able to get help implementing energy-efficient projects thanks to Racine Energy Efficiency (Re²) a federally funded program through the U.S. Department of Energy's Better Buildings grant. Under the Re² Smart Security Financing program, collateral is provided by businesses implementing energy-efficiency projects, allowing for no-money-down financing and mitigating a financial institution's risk. Racine businesses undertaking energy-efficiency projects between $10,000 and $1 million are eligible to participate. Any energy-savings projects such as new lighting, HVAC, refrigeration equipment, etc., must meet an estimated 15 percent in energy savings to be eligible for the financing program.

2/29 Journal Times