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Will County Sees Its First C-PACE Project
The Illinois Energy Conservation Authority NFP closed approximately $250,000 in financing for the first Will County Commercial Property Assessed Clean Energy (C-PACE) project, Highpoint One and Two in Mokena, IL.
The C-PACE capital will help fund energy efficient improvements for the 20-year-old office towers. The funding will provide 100% financing for rooftop solar PV installations and roof replacements.
“When we first launched this program, our goal was to remove some of the financial hurdles facing our business community when implementing renewable energy and other green projects,” said Will County Executive Jennifer Bertino-Tarrant. “It is wonderful to see the first transaction come to fruition.”
Inland Green Capital LLC (IGC), an environmental finance and investment company, was selected to finance the project. IGC specializes in mid-range C-PACE loans and retroactive financing for PACE project initiatives throughout the country.
- ◦Financing
