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.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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