Lean & Green Michigan™ helps commercial, industrial, multifamily and nonprofit property owners finance energy efficiency and renewable energy projects that are profitable for all parties – property owners, contractors, financial institutions and local governments.
The Michigan Agency for Energy and the Michigan Public Service Commission (MPSC) are the first state agencies in the country to take advantage of PACE. The State of Michigan teamed up with property owner Saginaw Plaza Ltd, Levin Energy Partners and Ameresco to make the project a reality. The project, which was privately-financed, included the installation of a small solar array, LED lighting and variable speed pumps for heating and cooling. The project was initiated by the MPSC, a tenant of Saginaw Plaza Ltd, demonstrating the power of PACE financing in overcoming the “split incentive” problem, helping both tenants and property managers benefit from energy projects. Read the full case study at the link below.