(Washington, D.C.) – The DC PACE Program and United Bank are proud to announce the successful closing of $125,000 in financing to support clean energy and energy efficiency improvements for a commercial building in Ward 7. Administered through the DC PACE program, the financing will deliver green roofing upgrades and a 131-kW solar energy system, with upgrades already underway. This project will generate an annual energy savings of 47,611 kWH for the property, which is the equivalent of eliminating greenhouse gas emissions from 78 barrels of burned oil. Additionally, the solar roof is expected to deliver $131,137 in electricity bill savings over the lifetime of the upgrades.
“Financing this project is a testament to the PACE Program’s readiness to meet the needs of projects of any size,” said Ronald Hobson, DC PACE Program Manager. “These energy efficiency improvements will create big benefits for a property that serves some of the District’s youngest residents. We want everyone to be able to see how clean energy and energy efficiency can positively impact every corner and industry of the city.”
“The DC PACE Program is a key player in the District’s transition to clean energy and energy efficiency, and it was a pleasure to work with DC Green Bank to support this property on the pathway to sustainability,” said Joseph LeMense, Managing Director, Community Development & Nonprofit Banking, United Bank. “We are proud to have financed more than $8 million of DC PACE Program efforts since 2013, and this project showcases our continued commitment to promoting a greener future for the District and the positive impact we can achieve for our communities when we work together.”
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