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IECA Closes C-PACE Financing for Will County Office Building
The Illinois Energy Conservation Authority NFP (IECA) has closed a C-PACE office project in Will County, Illinois. The transaction marks the IECA’s 30th C-PACE closing in Illinois.
The C-PACE capital will help fund energy efficient improvements for a 23,098-square-foot office property located in Tinley Park, Illinois. The funding, which closed in November 2024, will provide 100 percent financing for HVAC, window glazing, roof and water conservation improvements. The C-PACE project is expected to provide the property with utility savings on electric, natural gas and water over the 25-year financing term.
The borrower selected Inland Green Capital LLC, an environmental finance and investment company, to finance the project. IGC specializes in mid-range C-PACE loans and retroactive financing for PACE project initiatives throughout the country. The IECA is a C-PACE program administrator in the state and continues to expand the adoption of the IECA PACE program to participating communities throughout Illinois.
