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Washington County announced the signing of a $25.6 million project through the Commercial Property Assessed Clean Energy (CPACE) program with Cedarbrook Senior Living in Tigard.
The financing will help fund energy-efficient systems and sustainable building features, that will yield long-term operational savings and environmental benefits.
Annually, the features are projected to:
- Save $335,407 in utility expenses
- Eliminate 2.3 million pounds of emissions
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Save more than a million gallons of water
The CPACE program enables commercial and multifamily property owners to access long-term, low-cost financing for energy efficiency, renewable energy, water conservation, and seismic upgrades.
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