Property assessed clean energy (PACE) financing is off and running in the Midwest. PACE enables homeowners and commercial building owners to finance energy efficiency improvements through a special assessment on their property that is paid back through their tax bill. To date, there are 15 active PACE programs in the MEEA footprint. PACE-enabling legislation exists in Minnesota, Wisconsin, Michigan, Missouri, Kentucky, Ohio and Nebraska, and legislation in Illinois has passed both state legislative houses and is awaiting the governor’s signature.
Multifamily housing is a substantial portion of the housing stock in Midwestern states, making up 11-22% of the housing market, depending on the state. Energy efficiency for multifamily housing seems like a sure bet. Estimates show possible energy savings in multifamily affordable housing as high as 22-31%.
MEEA successfully gave a workshop style presentation on energy data acquisition at the Affordable Energy Association’s 2015 Multifamily Buildings Conference in Brooklyn, NY on October 28-30, 2015. Together with Ellen M. Sargent, Chicago Housing Authority; and Ryan Snow, USGBC National; Steve Kismohr from MEEA brought concepts and related activities on how to engage Building Asset Managers to acquire base building information and manage energy use.
Last month, select MEEA staff members participated in the U.S. Department of Housing and Urban Development Regional Multi-Family Convening Meeting in Chicago. The event presented multiple aspects for multi-family buildings to save energy and participate in the U.S. Department of Energy’s Better Buildings Challenge. Stacey Paradis, Executive Director, was also the keynote presenter for the event. Ms. Paradis gave a speech outlining the investments, current standards and challenges within the energy efficiency industry related to multi-family housing.
On June 4, 2015, Kansas City, Missouri became the 14th municipality in the U.S. and third in the Midwest to successfully pass an ordinance which engages building owners to improve their energy management practices. Congratulations to KCMO!