PACE Financing for Efficiency in NY
EnergizeNY
Case study of Natlew Corporation’s 23-Unit Apartment Building in Mount Vernon, NY. With PACE, Natlew was able to replace its old oil-burning boiler with a high-efficiency gas-fired unit and install indirect-fired hot water heaters, pipe insulation, high efficiency lighting, low-flow faucet aerators and showerheads.
Project:
- Multifamily, 20,000 sq.ft.
- Efficiency Project
- $19,200/yr average annual cash flow
- 14% energy savings
- Completion Date: March 2017
- Financing
Amount Financed: $238,078 Term: 20 years Interest Rate: 6.08% Financing Cost: $20,700/yr
