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Fairfield sponsored a business-to-business event regarding the Commercial Property Assessed Clean Energy program, First Selectman Mike Tetreau said. Bigelow Tea Co. hosted the event on Feb. 25.
The event featured speakers from the Clean Energy Finance and Investment Authority, Bigelow’s CEO Cindi Bigelow and Plant Manager Jim Guildea, Tetreau, Board of Finance Chairman Tom Flynn and Community and Economic Development Director Mark Barnhart.
"A detailed case study was presented by Fairfield businessman, Peter Corbett, who made $1 million in clean energy improvements to the InSports Center in Trumbull," representatives said. "Through C-PACE, the project was cash flow positive from the beginning, saving InSports over $8,000 a year and approximately 7 million kilowatt hours over the life of the project."
The event drew in about 30 attendees, including representatives from more than a dozen Fairfield businesses, officials said.
“We focus on keeping Fairfield the best value for business owners,” said First Selectman Mike Tetreau. “C-PACE is a program for businesses, which Fairfield adopted last year. We are happy to be able to help Fairfield’s businesses become more efficient through C-PACE.”
The Town of Fairfield is one of about 80 Connecticut towns that have chosen to participate in C-PACE. C-PACE is "an innovative program geared to help commercial, industrial and multi-family property owners obtain affordable, long-term financing for a range of smart energy upgrades such as high-efficiency lighting, HVAC upgrades, envelope improvements and renewable energy systems," representatives said.
“We are thrilled to see C-PACE demand growing here in Fairfield,” stated Jessica Bailey, director of C-PACE for CEFIA. “This partnership will continue to provide benefits to Fairfield businesses seeking to take control and ultimately reduce their energy costs--providing long-lasting and local energy, environmental and economic development benefits.”
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