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C-PACE is a financing structure that enables owners of commercial, industrial and multifamily residential properties to obtain affordable, long-term funds for 100% of the cost of energy and water efficiency retrofits (as well as for distributed generation investments).
EEFA commissioned this study to estimate the potential energy savings from the implementation of efficiency measures in affordable multifamily housing in nine states — Georgia, Illinois, Maryland, Michigan, Missouri, New York, North Carolina,
These benefits include increased investments in energy efficiency, improved access to energy consumption data, and debt forgiveness for low-income utility customers. The Order requires Exelon to provide $57 million for investments in efficiency and clean energy.
The multifamily rental housing sector presents particular challenges to energy policy makers and energy efficiency program managers. While all market sectors manifest barriers to energy efficiency investment, the multifamily sector has more than most.
