A multi-family property management firm used C-PACE to replace obsolete boilers in 11 tenant-occupied buildings across state/district borders of Maryland and Washington, D.C., before the winter season.
The property owner worked with MD-PACE to integrate $4.8 million of C-PACE financing into multiple properties to replace the old boilers with high-efficiency boilers. The buildings, together, are expected to save more than $840,000 in the first year, and $3.7 million in lifetime savings.
- Increased tenant comfort
- Decreased maintenance and operating expenses
- Lifetime projected savings of $3.77M
Boland a leading commercial HVAC systems, services, and building energy solutions provider in the DC metro area.
The firm provides solutions that optimize indoor environments through a broad portfolio of energy-efficient heating, ventilating and air conditioning systems, building, contracting and energy services, parts and supplies, and advanced controls for commercial buildings.