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» Read More140 Cedarville Approved for C-PACE Financing in Northampton County
EASTON, PA., Sept. 25, 2024 – On September 25, 2024, a ground-up construction project for 140 Cedarville Properties, LLC became the newest project approved for Commercial Property Assessed Clean Energy (C-PACE) financing in Northampton County. The 3 million dollars in financing is going towards HVAC systems, plumbing, lighting, sealing, and elevator systems. Annually, these measures will save an estimated 253,311 kWh of electricity and 614 gallons of water, resulting in an annual estimated energy cost savings of nearly$40,381.
“Northampton County recognizes C-PACE’s potential as a job-creator and an opportunity to invest in the health and longevity of the County’s infrastructure. Projects like 140 Cedarville exemplify this potential, and Northampton County looks forward to seeing this project come to fruition, providing more employment opportunities and making strides for a more sustainable future” said Tina Smith, Director of Northampton County’s Department of Community & Economic Development.
“C-PACE not only reduces environmental impact it is a great resource for economic development,” said John Costlow, President of Sustainable Energy Fund, the organization administering Northampton County’s C-PACE program as well as several other programs throughout the state. “SEF looks forward to seeing many more C-PACE projects in Northampton County and throughout Pennsylvania.”
Commercial Property Assessed Clean Energy (C-PACE) is a financial tool for property owners to obtain low-cost, long-term financing for energy efficiency, renewable energy, indoor air quality, resiliency, and water conservation projects.
For information on Pennsylvania C-PACE, visit https://www.pennsylvaniacpace.org. To learn more about Northampton County C-PACE, visit Northampton County C-PACE – Pennsylvania C-PACE Counties — Commercial Property Assessed Clean Energy (pacpacecounties.org).
About Sustainable Energy Fund
Sustainable Energy Fund (SEF), a nonprofit organization, assists energy users in overcoming financial, educational and regulatory barriers to a sustainable energy future. SEF provides a variety of services including financing energy conservation, energy efficiency and renewable energy projects; educating the leaders of today and tomorrow to create a passion for sustainable energy; and representing the interests of energy conservation, energy efficiency and renewable energy in proceedings before the Pennsylvania Public Utility Commission. Visit www.thesef.org.
