PLATTSBURGH — Clinton County Legislators are looking to create a new program that will give commercial property owners a chance to become greener.
The new Energize NY Open C-PACE Financing Program that legislators are developing will offer commercial property owners a new opportunity for funding energy efficiency and renewable energy projects without a large upfront expense.
County Economic Development Director and County of Clinton Industrial Development Agency Executive Director Renee McFarlin explained that through the Energy Improvement Corporation’s (EIC) Energize NY PACE Program, qualified projects are eligible to receive financing through an EIC-approved third-party lender.
The property owner can then repay the financing through a special assessment or special tax charge placed on their annual property tax bill.
EIC is a local development corporation and a New York State non-profit established specifically to assist local governments and property owners achieve long-term energy savings and/or generate renewable power for use on site.
Projects such as installing solar panels on the roof or other methods to save energy are eligible for funding.
McFarlin said the program will not only offer benefits to our commercial property owners, it will help to enhance job creation and training programs in the growing green energy sector, reduce the environmental impact, and move the community closer to achieving designation as a Clean Energy Community.
"If any business is considering taking a more environmentally friendly path this program provides great opportunities to pursue that," McFarlin said.
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