Madison Village approves Energy Special Improvement District

Madison Village Council recently approved legislation to create “a program that will help property owners obtain financing at potentially attractive rates” for energy improvement projects, The News-Herald reports. Council agreed to establish an Energy Special Improvement District (ESID) in response to a petition by Vineyard Hotel Group, LLC, owner of the new Hampton Inn by Hilton in the village, according to the article. Vineyard “wants to secure financing to cover the cost of energy-saving features” including high-efficiency LED lighting, energy-efficient roof insulation, windows, and other components. Once the ESID is formed, other businesses will be able to seek financing for energy improvement projects through the Northeast Ohio Public Energy Council, the ESID’s investor, as well. For more, read the full article.

Energy Efficiency, Project Finance, State Updates