Oakland Beer Distributor Uses PACE for Groundbreaking ProjectPowers Distributing, a beer distributor in Orion Township, Michigan, teamed up with Newman Consulting Group, Lean & Green Michigan, and Michigan Solar Solutions to complete Michigan’s first refinanced PACE project (Property Assessed Clean Energy). The groundbreaking project opens the door for additional energy efficiency financing in Orion Township and elsewhere. “Clean, renewable energy has evolved from being just a good idea to being proven business strategy,” said Gary Thompson, Powers’ chief operating officer.
Under the Michigan PACE statute, any project that qualifies for PACE financing can also be refinanced by PACE, allowing companies to obtain long-term financing for recently completed clean energy projects. Between 2013 and 2015, Powers Distributing added a 95kW solar system to the roof of its recycling center and installed LED lighting throughout the facility. The combined efforts reduced energy costs by an average of $4,000 a month. Newman Consulting Group (NCG) uncovered the refinance opportunity while working with Powers’ on their efficiency measures. Lean & Green Michigan stepped in to support the passing of PACE legislation in Orion Township that allowed the project to move forward. Then NCG provided technical expertise and financial analysis to verify the project’s qualification for PACE financing. Read More, and watch this short video from the event.
(Left) Ribbon Cutting to celebrate first PACE project in Oakland Country (L-R) Alaina Campbell, Executive Director, Orion Area Chamber of Commerce; Matt Gibb, Oakland County; Chris Barnett, Orion Township; Gary Thompson, COO, Powers Distributing; Kyle Peczynski, Petros PACE Financing; Andy Levin, Lean & Green Michigan
(Right) Guests and VIPs inspect the solar panels on the roof of Powers Distributing (L-R) Alaina Campbell, Executive Director, Orion Area Chamber of Commerce; Mike Forrest, Michigan Solar Solutions; Jim Newman, Newman Consulting Group; Andy Levin, Lean & Green Michigan; Chris Barnett, Orion Township; Gary Thompson, COO, Powers Distributing; Kyle Peczynski, Petros PACE Financing; Doug Elbinger, Newman Consulting Group, Optimized Building Solutions; Debbie Vercnocke, Michigan Solar Solutions; Cory Connolly, Lean & Green Michigan