Akron PNC Center begins $8.5M PACE-financed energy efficiency project

The 23-story PNC Center in downtown Akron has begun work on an $8.5-million energy-efficiency improvement project funded through property-assessed clean energy (PACE) financing, the Akron Beacon-Journal reports. A 25,000-pound aging chiller and two boilers will be removed and replaced with more efficient heating and cooling systems. The project also includes new lighting and other energy-efficient upgrades. The Development Finance Authority of Summit County (DFA) is issuing bonds to finance the project; those bonds will be repaid over 18 years at an average rate of about $477,000 annually. For more, read the full article.

Energy Efficiency, Project Finance