PACE assists businesses with energy efficiency and conservation improvements
Published 10:00 pm Wednesday, October 9, 2019
The Rural Minnesota Energy Board invites commercial and agri-businesses looking to make energy efficiency and conservation improvements to their facilities to apply for theboard’s Property Assessed Clean Energy program.
According to a press release, property Assessed Clean Energy program is a program that finances energy efficiency and renewable energy upgrades to the buildings of commercial and agri-business properties within the Rural Minnesota Energy Board region.
The program allows businesses to make these improvements without the upfront costs. Costs of improvements are repaid as a special assessment on the property taxes. According to a press release, the Property Assessed Clean Energy program eliminates the burden of upfront costs by providing low-cost, long-term financing.
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The Rural Minnesota Energy Board Property Assessed Clean Energy program has assisted 26 businesses across Southern Minnesota in reducing their energy consumptions. Eligible projects include: Energy efficiency upgrades such as heating: ventilation and air conditioning, lighting and equipment; and renewable energy, the release stated.
The Property Assessed Clean Energy program is administered by the Southwest Regional Development Commission. For more information, visit rmeb.org/pace.htm or contact Robin Weis at email@example.com.