PACE Financing Resource Center and whitepaper

Bricker's Economic Development team recently launched a collection of online resources highlighting the opportunities, challenges and mechanics of PACE financing. In addition to an interactive map identifying all of the state's PACE programs, the resource center also features a free, downloadable white paper describing the details of using this financing tool in Ohio.  

Economic Development, Energy Efficiency, Financial Incentives, Project Finance, State Updates

“Bring Your Green” participants saved more than $600K in energy costs

Results of the ‘Bring Your Green 2.0 Challenge’ were recently announced by Dayton Power & Light (DP&L), Dayton Regional Green, IGS Energy, Vectren and Energy Optimizers, the Dayton Daily News reports. Local businesses, schools and organizations “competed to reduce their environmental impact, save energy and resources, and engage their employees and students in sustainability efforts,” according to the article. The challenge resulted in energy cost savings of $639,644, more than “6,875 tons of CO2 release into the atmosphere prevented,” 6,867,064 kWh in electricity saved, and the equivalent “to taking 935 homes off the grid and 1,336 cars off the road.” For more, read the full article

Energy Efficiency, Environmental, State Updates

Lorain approves energy special improvement district

A project to rehabilitate The Broadway Building in Lorain will be eligible for a state energy direct loan, after Council members recently approved the creation of an energy special improvement district (ESID), The Chronicle reports. Developer Ariel on Broadway will be able to obtain a PACE (Property Assessed Clean Energy) loan of $1.6 million for energy improvements, a “crucial piece of financing,” according to Port Authority Director Tom Brown. Brown and attorney Caleb Bell of Bricker & Eckler LLP explained the ESID agreement to members of Council in a Committee of the Whole session. Bell explained that the $8 million project “will not have full financing” without the PACE loan. For more, read the full article

Economic Development, Energy Efficiency, Project Finance, State Updates

Acting EPA head says new clean-air plan gives states more flexibility

The U.S. Environmental Protection Agency (EPA)’s proposed Affordable Clean Energy Rule will “provide more flexibility to the states” than the Clean Power Plan, acting EPA Administrator Andrew Wheeler said, according to an article in The Columbus Dispatch. Wheeler said the EPA “will issue efficiency guidelines to states for each type of power plant, which the states will use to ‘set specific efficiency requirements on an plant-to-plant basis,’” according to the article. The Clean Power Plan “sought to reduce the nation’s carbon dioxide emissions by 32 percent below 2005 levels by 2030," but “never went into effect after numerous legal challenges.” Wheeler said the new proposed plan returns “to the core basics of the Clean Air Act, which is working cooperatively with the states.” For more, read the full article

Energy Efficiency, Environmental, Federal Updates

Ohio kicks off interconnection rulemaking: Implications for distributed generation

The Public Utilities Commission of Ohio (PUCO) recently opened a docket to review Ohio Adm. Code Chapter 4901:1-22, which contains the rules for interconnecting distributed generation to the electric distribution system. The PUCO’s review of the interconnection rules comes shortly after the Institute of Electrical and Electronics Engineers (IEEE) released updates and revisions to the IEEE 1547 standard regarding the requirements for interconnecting distributed energy resources (DERs) with the electric distribution system. It also comes shortly after the PUCO’s release of “PowerForward: A Roadmap to Ohio’s Electricity Future,” which sets forth certain policy positions and outlines principles and objectives for Ohio’s grid modernization efforts. 

On September 11, 2018, the PUCO held a stakeholder workshop to solicit feedback on potential revisions to the rules. For more, read the full publication.

Energy Efficiency, State Updates

PACE Workshop – September 26

We invite you to join Bricker & Eckler and NOPEC for the Property Assessed Clean Energy (PACE) Workshop on September 26 in Twinsburg, Ohio. Bricker attorneys Jason Tiemeier and Michael Katz will present on Ohio PACE financing. More information, including registration, is available here.  

Energy Efficiency, Financial Incentives, Project Finance

Bexley offering seminar for residential PACE program

Bricker & Eckler LLP and the City of Bexley will present a seminar for the city’s recently created PACE (Property Assessed Clean Energy) program on September 24, 2018, from 5:00 p.m. to 7:00 p.m. at Bexley City Hall. Caleb Bell of Bricker & Eckler and Bexley Mayor Ben Kessler will explain how solar companies can participate in the program and provide financing to residential property owners. PACE financing allows property owners to finance energy efficiency or renewable energy upgrades to their properties and repay the costs through special assessments on their real property tax bills. To register, click here.

Energy Efficiency, Project Finance, Renewable Energy

Ohio Caverns first in U.S. to produce solar energy on site

When Ohio Caverns opened to the public in 1897, “visitors walked through with lanterns and candles”; now, the tourist attraction is “the first cave in the United States to have solar energy produced on site,” the Urbana Daily Citizen reports. Ohio Caverns installed a solar field that produces “44,000 watts at any given time when the sun is at its peak,” making it “energy neutral,” according to the article. Owner Eric Evans said the cave and facilities were completely retrofitted with LED lighting, which lowered energy consumption to the point “that solar became very viable.” Evans said, “we’ve been stewards of the environment since the cave first opened. . . . That’s where we see the future and longevity of the cavern is protecting and preserving the environment, and this was by far the cleanest form of energy known.” For more, read the full article

Energy Efficiency, Environmental, Renewable Energy

EmberClear investing nearly $1B in 1,050-MW Harrison combined-cycle plant

A new natural gas-fired combined-cycle power plant in Harrison Industrial Park will increase efficiency, create jobs, and generate millions in payments to local governments and schools, the Herald-Star reports. Texas-based energy development company EmberClear “is investing nearly $1 billion in construction” for the 1,050-megawatt power plant in the Harrison Industrial Park. The plant, which will create 700 construction jobs and more than 20 permanent positions, “will be designed to meet the growing industrial demands fueled by the local natural gas economy and replace older, less efficient plants,” according to the article. EmberClear will receive a 15-year property tax exemption as part of a P.I.L.O.T (Payment in Lieu of Taxes) agreement; in exchange, the developer will pay $31 million to Harrison County, the Harrison Hills City School District, and local villages and townships. For more, read the full article

Economic Development, Energy Efficiency, Financial Incentives

Ohio ranks 3rd in region for clean energy employment

More than 3,700 workers in the Mahoning Valley and 108,000 workers statewide are employed in the clean energy industry, a report from Clean Energy Trust and Environmental Enterprises finds, according to a recent article in The Business Journal. Those numbers placed the state third “in the 12-state region highlighted in the ‘Clean Jobs Midwest’ report.” Energy efficiency is the “top clean energy sector in the state,” employing 79,653; clean vehicles ranked second with “just over 14,000 employed,” according to the article. The study found “employers project 5.5% job growth in 2018.” Environmental Entrepreneurs spokesperson Micaela Preskill said in a release, “[w]ith further investment and smart state policy, clean jobs will continue [to] power Ohio’s economy into the next decade.” For more, read the full article, including a link to the full report.

Energy Efficiency, Environmental, State Updates
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