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.
On January 23, The Luella Hannan Foundation initiated the first Lean & Green Michigan PACE project of 2018. The project will involve a clean energy makeover of Hannan’s senior community center on Woodward Avenue in Midtown Detroit, and marks the third project to close in Wayne County in six months. The Hannan Foundation board and staff collaborated with Levin Energy Partners, Twain Financial, and Private Energy Partners to develop the $900,000 project, which will dramatically reduce utility costs for the 93-year-old foundation, and increase the value of its building. Companies completing the electrical and mechanical work on the project are members of the National Electrical Contractors Association (NECA) of Southeastern Michigan, who partner with the highly skilled workforce of the International Brotherhood of Electrical Workers, Local 58. With this project, Hannan becomes the first non-profit to use PACE financing with Lean & Green Michigan. Check out the project in more detail in the Hannan Foundation case study.
On December 28th, biodigesters were added to the already broad list of energy efficiency, water efficiency and renewable energy improvements we can finance with PACE in Michigan. This is a big victory for Michigan’s agricultural industries, breweries and others. The new act, PA 242 of 2017, was introduced by Senator Darwin Booher and backed by various groups including the Michigan Energy Innovation Business Council, and was signed into law by Governor Rick Snyder. Anaerobic digesters convert energy from organic matter left over in farm, food and beverage-related production into methane to produce power in the form of gas and electricity.
After our last contractor training on the west side of the state in November, we’re heading back east on March 6th due to heavy interest in projects in Southeast Michigan. While our Lean & Green Michigan trainings most directly cater to contractors who want to thrive in the PACE market, they are also popular with property owners, lenders, real estate developers, economic developers and others who want to learn the ins and outs of PACE financing.
Sponsor: Greenworks Lending