JAMESTOWN, N.Y.: – Chautauqua County Executive George M. Borrello and Energy Improvement Corporation (EIC) jointly announced that Chautauqua County has joined EIC, which enables Chautauqua County’s businesses and not-for-profits to participate in EIC’s Energize NY Property Assessed Clean Energy (PACE) finance program. EIC’s Board voted unanimously to accept Chautauqua County into the program, making Chautauqua County the first County in the Western New York Region to join.
The County’s membership allows commercial,
industrial, agricultural, multifamily and non-profit property owners to accessEnergize NY PACE financing for energy efficiency and renewable energy projects
that is repaid through a charge on the property’s tax bill. PACE financing is an alternative totraditional project financing that can fund up to 100 percent of the project
costs with competitive, fixed interest rates for flexible terms of five to upto twenty years.
“I am proud that our county has taken this
step to give businesses, including those in agriculture, the opportunity toadopt clean energy improvements that directly and positively impact their
businesses,” said Borrello.
“The Legislature’s unanimous, bipartisan, support demonstrates its firm commitment to supporting smart energy initiatives,” said County Legislator Mark Odell. “The Energize NY program will be a great tool for our Economic Development folks to help improve the bottom line of existing businesses and also demonstrate the smart energy 'tone' of the county to new businesses they are trying to attract.”
Chautauqua County’s Division of Planning and Community Development has promoted the Energize NY PACE program over the past year as an economic and community development tool and was instrumental in advancing the County’s initiative to become a member.
Chautauqua County is now the 14th county and one of forty-three municipalities to offer Energize NY PACE finance and commercial services. In addition to helping building owners reduce energy waste and save money, the County’s membership in EIC offers other benefits such as job creation for local contractors working in energy-related sectors as well as an improved building stock.
“EIC is excited to welcome ChautauquaCounty as a member and to
offer Energize NY PACE as an important tool for its businesses to help reduce energy waste and capture savings,” said Mark Thielking, Executive Director of Energize NY. “TheCounty’s building stock offers great potential to benefit from Energize NY
PACE, and its agricultural businesses can leverage free energy audits from NewYork State that will help them qualify for Energize NY PACE financing for energy efficiency or
renewable energy upgrades.”
Energize NY PACE financing is enabledthrough local legislation, and with support from local elected officials the
Chautauqua County legislature passed the legislation on June 28, 2017.
About Energize NY and Energy ImprovementCorporation:
Energize NY offers its
services as part of Energy Improvement Corporation, a New York State non-profitlocal development corporation that works with its member municipalities and
local project developers to realize the cost-savings, efficiency and airquality benefits of clean energy while supporting job creation in New York
State. Energize NY is New York State’sPACE (Property Assessed Clean Energy) financing facility, which provides
low-cost, long-term financing for energy efficiency and renewable energyprojects. Learn more at www.energizeny.org.