Curtis Packaging, a company that provides luxury packaging, has almost finished a $2.5 million project to improve energy efficiency and increase use of renewables at its Sandy Hook, CT, headquarters.
Financing for the project is from the Connecticut Green Bank, according to Westfair Communications. The vehicle is a Commercial Property Assessed Clean Energy (C-PACE) financing. Curtis, the story says, used the financing to convert to natural gas, install efficient HVAC and lighting systems and deploy a solar array capable of generating 950,000 kWh of electricity annually. The story says that the expected cost savings of the project will be $4.5 million over the 16 years of financing.
In California, Governor Jerry Brown recently signed legislation setting uniform disclosure rules for Property Assessed Clean Energy (PACE) financing programs.