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Atlanta Building Owners Get Access To Energy Retrofit Funds

Linda Hardesty

Invest Atlanta, the city’s economic development authority, has voted to spend up to $200 million in energy retrofit financing via the Clean Energy Atlanta program. If the City Council votes to approve the project, Ygrene Energy Fund, a provider of clean energy finance programs for local governments, will spearhead the initiative available to commercial and multi-family residential building owners in Atlanta’s central business district. Ygrene will administer a fund to give owners of downtown commercial properties access to capital to upgrade their buildings and better compete for tenants and residents.

The initiative is predicted to be a shot in the arm for Atlanta’s construction industry, creating as many as 3,000 jobs and injecting up to $530 million in economic activity for Atlanta’s economy, according to Ygrene. This initiative is part of the city’s plan to reduce its carbon footprint by 7 percent by the end of 2012.

Clean Energy Atlanta provides private funding for building energy upgrades at no installation cost, repaid through property tax assessments. The program is a clearinghouse for financing and administering project deployment, connecting owners of eligible buildings with qualified local contractors to perform the renewable energy and energy efficiency upgrades.



5 comments on “Atlanta Building Owners Get Access To Energy Retrofit Funds

  1. How many of these buildings have a chimney poking out of the roof, with HOT exhaust being blown into the atmosphere?
    This heat energy was supposed to be used inside these buildings.
    Why lose it when you can use it?
    Natural gas can be consumed so efficiently that COOL exhaust would instead be vented and the water that is recovered from these combusted exhaust gases can be used to irrigate the lawns and flower beds, conserving city water.
    Ygrene is a great program to use to apply this energy saving technology.

  2. The proposed “BUILDING ENERGY RETROFIT FUNDING” Program, when approved, could become a Model for other major urban communities in the USA, to IMMEDIATELY take advantage of significant Energy Cost Savings through State-of-the Art Energy Management technologies, thus reducing Greenhouse Gas Emissions that severly impact the very survival of Quality of Life of millions of citizens. In addition, Atlanta is very fortunate to have the presence and expertise of Association of Energy Engineers(AEE) in its City, a remarkable professional Energy Management organization, whose qualified Energy Manager members are available to support this extremely critical and timely initiative by the City in 2012

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