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Combined Heat and Power Partnership

City of Ann Arbor (PACE)

Date Last Updated5/15/2013
Incentive TypeCommercial PACE; Loan
State/FederalMI
Incentive Administrator/Contact OfficeCity of Ann Arbor
Incentive Initiation Date10/4/2011
Incentive Size and Funding SourceThe City of Ann Arbor offers Property Assessed Clean Energy (PACE) financing for energy efficiency and/or renewable energy projects, including CHP, that range in size from $10,000 to $350,000. Financing will be conducted by pooling the assessments and issuing a bond once the pool reaches $1 million. The interest rate is expected to be less than 5%.
Eligible RecipientCommercial or industrial property owners of developed property (existing buildings) located within the city limits of Ann Arbor. Commercial properties are defined as any property that is not a single family home, duplex, or certain townhouses.
Eligible FuelDoes Not Specify
Eligible Project Size (MW)Does Not Specify
Minimum Efficiency Required (%)Does Not Specify
Other Selected Eligibility CriteriaCHP systems and biomass thermal systems must include the appropriate air pollution controls. The project costs cannot exceed 20% of the property's State Equalized Value, and the lien to value of the property cannot exceed 99% of twice the State Equalized Value. Projects must demonstrate that energy savings will be greater than the cost of the project and will undergo a voluntary special assessment as part of the application process.
Application Form(s)Application Packet (PDF) (28 pp, 2.72M)
Resource Website(s) http://a2energy.org/commercial-savings exit EPA

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