First Property Assessed Clean Energy (PACE) Project in Macomb County

Mon, Aug 14, 2017 @ 08:25 / by Jim Newman posted in PACE, Green Building, energy efficiency, Macomb, energy efficient lighting, Building Energy Management Systems, Optimized Building Solutions, HVAC

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Farmington Hills, MI  The Garfield Metro Building, a medical office building at 37555 Garfield Road, in Clinton Township, is the first commercial building in Macomb County to take advantage of new PACE (Property Assessed Clean Energy) financing that adds value to property through a direct increase in NOI (Net Operating Income). The PACE program, an innovative financing structure, makes it possible for owners of commercial, industrial, and other non-residential properties to obtain long-term financing at very favorable rates for energy efficiency, water conservation, and renewable energy.

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