Meriden, CT (December 10, 2015) – An unveiling ceremony for cutting edge, new technology at the Meriden YMCA was held on Thursday, December 10, 2015, at 110 West Main Street in Meriden. Mayor Kevin Scarpati, Representative Betty Boukus, Representative Cathy Abercrombie, Bryan Garcia, President and CEO of the Connecticut Green Bank, John Benigni, CEO of the Meriden YMCA, and Dave Pestillo, owner of Emendee Technologies were in attendance.
The new technology at the Meriden YMCA consist of a cogeneration system, energy efficient lighting and occupancy controls. Connecticut Green Bank’s C-PACE program (Commercial Property Assessed Clean Energy) financed $372,466 for the upgrades. These upgrades are expected to save over $34,000 annually in energy costs and $688,991 over the financing term. The Meriden YMCA will use the savings generated to provide additional funding for scholarships for their kids camp and memberships for those families in need.
C-PACE is an innovative program that is helping commercial, industrial multi-family and nonprofit property owners access affordable, long-term financing for meaningful energy upgrades to their buildings. By enabling building owners to finance qualifying energy efficiency and clean energy improvements through a voluntary assessment on their property tax bill, more comprehensive energy improvements that would otherwise be difficult to afford are made possible.
The City of Meriden is one of more than 100 municipalities participating in the C-PACE Program. To find out more about C-PACE, visit cpace.com or contact the City of Meriden Office of Economic Development at (203) 630 4152.