From Green Building Alliance
Are you a building owner looking to modernize your building, but held back by the up-front capital costs? Whether you are completing a full gut rehab and restoration on a century-old commercial building, making a large-scale renewable energy transition, or simply upgrading your building’s overall energy performance, Commercial Property Assessed Clean Energy (C-PACE) financing can help you overcome cost hurdles to designing your dream commercial property.
Join Green Building Alliance (GBA) and the GBA Resilient Reading team on Tuesday, Jan. 13, from 1 p.m. to 2:30 p.m., for a free virtual Roundtable on C-PACE, an innovative tax law policy that allows commercial property owners to make clean energy upgrades with no money down, through a favorable loan repaid through property tax assessments. This low-cost, long-term financing is an innovative and underutilized tool to support small businesses and property developers looking to maintain and modernize their buildings in ways that simultaneously benefit their bottom line and the broader community.
The Roundtable will feature a panel of experts who will introduce and demystify the C-PACE program and offer case study examples of recently completed clean energy building upgrades financed through the program. Panelists will include Elaine Evosevic-Lozada, Leader, C-PACE Program, Sustainable Energy Fund; Garett Vassel, Founding President, Optima Durant Group, owner of The Commodore, a mixed-use redevelopment in Easton, PA, with new construction and home to renowned eateries and wellness businesses; and Shelah Wallace, Senior Vice President, Originations, Bayview Asset Management. Shelah’s experience in real estate lending, particularly in C-PACE capital provider leadership roles, brings an expert perspective to the discussion.
Examples of eligible C-PACE projects include:
- Whole-building insulation
- Geothermal heating and cooling
- Combined heat and power
- Smart building systems
- State-of-the-art chillers, boilers, or furnaces
- Heat recovery systems
Register at www.gba.org/events.
About Green Building Alliance
Green Building Alliance (GBA) works across sectors and with communities to create beautiful, efficient, high-performing spaces that are as healthy for people as they are for the environment, and that contribute to a thriving economy. GBA is a leading authority on smart, sustainable, high-performance building design, construction, and operations. Their vision is to transform how we plan, build, renovate, and operate our buildings and our communities; advance the design and manufacturing of sustainable products and materials; and establish plans and policies that set new standards for the future. GBA manages Resilient Communities in Meadville and Reading, PA; and 2030 Districts in Erie, Pittsburgh, and New Kensington, PA, creating unprecedented collaboration between sectors, such as healthcare, hospitality, higher education, and technology, to reduce their collective energy use, water use, and carbon emissions. In 2019, GBA established Pittsburgh as the second International Center of Excellence on High Performance Building in the world. GBA works throughout Pennsylvania, and across the region, country, and world through strategic alliances including the 2030 District Network, United Nations, International Living Future Institute, and the High Performance Building Alliance (Ireland).
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