Post by account_disabled on Feb 27, 2024 0:16:08 GMT -6
The Colorado Senate has passed SB 212 to create a commercial property-assessed clean energy (CPACE) program that would give Colorado commercial property owners access to loans for energy efficiency projects.
Through the CPACE program, businesses could finance energy projects upfront and save on their electricity costs, as they pay back the loans.
Here’s how the CPACE program would work:
Commercial property owners will voluntarily opt into a PACE district, which is an improvement district.
The business will specify the cost Canada Mobile Database of the energy project it wants, such as HVAC, refrigeration or hot water solar, for example.
The district will issue a bond to fund the project.
The district sells the bond to an investor.
The business pays off the bond in installments, as it saves money through energy efficiency.
SB 212 must now go to the House of Representatives for consideration.
The Connecticut legislature established a CPACE program for the state’s commercial and industrial property market. A whitepaper “Underwriting Energy Efficiency Financing in the Innovative Connecticut PACE Program” found that PACE financing has lots of upside for commercial real estate owners.
Many fleets meet petroleum reduction requirements by using biodiesel rather than alternative fuels. Changes in biofuel subsidies, specifically replacement fuels like ethanol and biodiesel, affect consumption trends in the marketplace. With the reinstatement of the biodiesel tax credit and the requirements under the Renewable Fuel Standard, consumption of biodiesel grew almost 240 percent between 2010 and 2011.
Consumption of ethanol in gasoline (E10) remained flat between 2010 and 2011 since almost all gasoline in the US is now blended with 10 percent ethanol. This “blend wall” — the maximum amount that can be blended into standard gasoline without requiring different equipment, warranties or infrastructure — has shifted more ethanol into the E85 sector, the EIA says.
Consumption of electricity in light-duty automobiles increased by almost 36 percent with a total of 7.6 million gasoline-equivalent gallons in 2011 compared to 4.8 million gasoline-equivalent gallons in 2010. While the majority of electric vehicles in use remains in the low-speed vehicle category (45,397 of the total 67,296 EVs in use 2011), inventory of electric automobiles increased rapidly to 10,245 automobiles in 2011, primarily in the private sector where EVs are becoming more widely available to private households.
Natural gas was the most consumed alternative fuel used by vehicles in 2011, accounting for 246,489 thousand gasoline-equivalent gallons: almost half of all alternative fuels used by vehicles in the US.
According to a report released last month by the National Research Council, the US could reduce petroleum use and cars’ greenhouse gas emissions 80 percent by 2050 compared to 2005 levels by using more efficient vehicles, alternative fuels and implementing strong government policies. To reach the 2050 goals, vehicles must become dramatically more efficient regardless of how they are powered, according to Transitions to Alternative Vehicles and Fuels. In addition, alternative fuels to petroleum must be readily available, cost-effective and produced with low GHG emissions, the report says.
Through the CPACE program, businesses could finance energy projects upfront and save on their electricity costs, as they pay back the loans.
Here’s how the CPACE program would work:
Commercial property owners will voluntarily opt into a PACE district, which is an improvement district.
The business will specify the cost Canada Mobile Database of the energy project it wants, such as HVAC, refrigeration or hot water solar, for example.
The district will issue a bond to fund the project.
The district sells the bond to an investor.
The business pays off the bond in installments, as it saves money through energy efficiency.
SB 212 must now go to the House of Representatives for consideration.
The Connecticut legislature established a CPACE program for the state’s commercial and industrial property market. A whitepaper “Underwriting Energy Efficiency Financing in the Innovative Connecticut PACE Program” found that PACE financing has lots of upside for commercial real estate owners.
Many fleets meet petroleum reduction requirements by using biodiesel rather than alternative fuels. Changes in biofuel subsidies, specifically replacement fuels like ethanol and biodiesel, affect consumption trends in the marketplace. With the reinstatement of the biodiesel tax credit and the requirements under the Renewable Fuel Standard, consumption of biodiesel grew almost 240 percent between 2010 and 2011.
Consumption of ethanol in gasoline (E10) remained flat between 2010 and 2011 since almost all gasoline in the US is now blended with 10 percent ethanol. This “blend wall” — the maximum amount that can be blended into standard gasoline without requiring different equipment, warranties or infrastructure — has shifted more ethanol into the E85 sector, the EIA says.
Consumption of electricity in light-duty automobiles increased by almost 36 percent with a total of 7.6 million gasoline-equivalent gallons in 2011 compared to 4.8 million gasoline-equivalent gallons in 2010. While the majority of electric vehicles in use remains in the low-speed vehicle category (45,397 of the total 67,296 EVs in use 2011), inventory of electric automobiles increased rapidly to 10,245 automobiles in 2011, primarily in the private sector where EVs are becoming more widely available to private households.
Natural gas was the most consumed alternative fuel used by vehicles in 2011, accounting for 246,489 thousand gasoline-equivalent gallons: almost half of all alternative fuels used by vehicles in the US.
According to a report released last month by the National Research Council, the US could reduce petroleum use and cars’ greenhouse gas emissions 80 percent by 2050 compared to 2005 levels by using more efficient vehicles, alternative fuels and implementing strong government policies. To reach the 2050 goals, vehicles must become dramatically more efficient regardless of how they are powered, according to Transitions to Alternative Vehicles and Fuels. In addition, alternative fuels to petroleum must be readily available, cost-effective and produced with low GHG emissions, the report says.