New York
State funds for Auburn businesses to make energy efficiency improvements
By 
Editor-in-Chief
Auburn, New York – On August 11, the Auburn City Council will hold a public hearing meeting on whether to sign up for a state program that would provide money for businesses to make energy efficiency improvements.
EIC Open C-PACE is a program administered by the state Energy Improvement Corporation. The program differs from traditional bank loans.
• Financing is available for up to 100% of the project cost or can be combined with other financings.
• Competitive private financing from EIC-approved capital provider
• Customizable loan terms up to the expected life of the improvement(s) (generally 20-30 years)
• Benefit assessment lien is subordinate to municipal taxes and senior to other liens (consent from mortgage holder is required)
• Automatically transfers to new owner upon sale of property
• Available for energy efficiency and renewable energy measures (Projects are qualified according to NYSERDA’s C-PACE Guidelines)
According to Auburn City Clerk Chuck Mason, the first step for the city to participate in the program is to put the necessary language into the city code.
-
Local News1 week agoReunited Afghan family in Rochester after almost ten years apart
-
Local News2 weeks agoThe New York measure would alter the way that auto warranty service is paid for
-
Local News2 weeks agoResidents in Rochester are irritated by careless driving
-
Local News1 week agoStrong Hospital has a significant police presence during a search for a man from Livingston County
-
Local News2 weeks agoReactions from RG&E and community supporters to Monroe County’s denial of funding for a public utility study
-
Local News2 weeks agoThe new Senate resolution is ‘encouraging’ for the widow of the Taliban-detained guy from Dansville
-
Local News1 week agoNumerous people walk to bring attention to Black maternal mortality
-
Local News1 week ago22 exotic animals left behind in a downtown Rochester building following the eviction of the tenant