Senior Living + Efficient Lighting = Savings for Shaker Pointe


Project Profile

Challenge: Shaker Pointe sought to make its community more comfortable and secure for its tenants, while reducing the property's carbon footprint.

 

Solution: Low cost Energize NY PACE Financing enabled Shaker Pointe to replace thousands of outdated fluorescent lighting fixtures with energy efficient LEDs.


Project 

  • Active Retirement Community 
  • Lighting Efficiency Project 
  • $9,000/yr Net Avg. Annual Cash Flow 
  • 864 MMBtu Annual Savings 

Financing

  • Amount Financed: $163,500 
  • Term: 5 years
  • Interest Rate: 4.37%
  • Financing Cost: $36,200/yr Completion Date: November 2017


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Partner Information

Participating Municipality


Project contractors




Project partners