The owners of 100 Roscommon Drive financed $2.5 million in energy efficiency upgrades through a C-PACE program. The upgrades, which included solar panels and efficient lighting, are expected to save $5.7 million in energy costs over the lifetime of the improvements. C-PACE financing covers 100% of project costs and allows owners to repay the loan as a special assessment on their property taxes over 20 years. This makes the project cash flow positive while freeing up capital for other investments. The owners of 100 Roscommon Drive saved an estimated $200,000 in energy costs in the first year after the upgrades.
C-PACE Financing Saves 100 Roscommon Drive $5.7M in Energy Costs
1. With C-PACE financing of $2.5 million, the
owners of 100 Roscommon Drive improved
their building’s energy efficiency, with
everything from solar panels to efficient
lighting. What’s more, their upgrade project
yields $5.7 million in energy savings alone,
helping expand their business for years to
come.
C-PACE helps building owners eliminate the upfront
cost of energy efficient upgrades while lowering
operating costs and improving property value.
C-PACE earns property owners an immediate benefit
through providing low-interest, long-term financing
upfront that covers 100% of project costs – from audits
to construction costs and M&V. Since the financing
is repaid as a benefit assessment on the property,
C-PACE allows owners to spread payments out for up
to 20 years, resulting in a cash-flow positive project and
freeing capital and credit lines for core investments.
Find out how to improve your building at C-PACE.com.
100 ROSCOMMON DRIVE
SAVED $200,000 IN ENERGY COSTS LAST YEAR.
Empowering you to make smart energy choices
With the building now 25 years old, we knew
we were looking at a major investment sometime
soon. We considered several options, but between
no money down and the energy savings of the
C-PACE program, the answer was a no-brainer.
— Mark Greenberg, Roscommon Infinity, LLC
2. WITH C-PACE FINANCING OF $2.5 MILLION, 100 ROSCOMMON DRIVE WILL
SAVE AN ESTIMATED $5.7M IN ENERGY COSTS
OVER THE LIFETIME OF THE UPGRADES.
Location: 100 Roscommon Drive, Middletown, CT
Building Type: Large Office (>50,000 SF)
Building Size: 81,368 Square Feet
Year Built: 1988
Total Project Cost: $2,911,801
Utility Incentives: $387,885
C-PACE Financing: $2,513,916
Term: 20 Years
Annual Interest Rate: 5.5%
Annual C-PACE Assessment: $217,443
Annual Energy Cost Savings: $228,007
Lifetime Energy Cost Savings: $5,758,229
Additional Cost Savings: 30% Investment Tax Credit for Solar
PV; $1,000 Annual Maintenance Savings
Savings-to-Investment Ratio: 1.12
Annual Energy Savings: 4,007,511 kBTU
For more information and to see how much you can save, visit C-PACE.com
Empowering you to make smart energy choices
• WATER SOURCE HEAT PUMP
REPLACEMENTS AND VFDS ON PUMPS
• ENVELOPE IMPROVEMENTS
• HIGH EFFICIENCY LIGHTS AND
OCCUPANCY SENSORS
• NEW COOLING TOWER
• GROUND-MOUNTED PHOTOVOLTAIC SYSTEM
• UPGRADED ENERGY MANAGEMENT SYSTEM
Project Description