Financing Amount: $4,109,825
The Philadelphia Energy Authority, Greenworks Lending LLC and Unit 1 Partners LP and 123 S. Broad Partners LP executed the financial close to use C-PACE financing for an energy efficiency project for two units at 123 S. Broad Street.
C-PACE is financing energy and water efficiency upgrades for Units 1 & 2 at 123 S. Broad Street. The project includes Lighting Retrofit, Air Handling Unit Refurbishment, New Direct Digital Controls, Water Fixture Retrofit, Convert Constant Volume System to Single Zone Variable Air Volume, Steam Distribution Improvements, Chiller Repair, and Convert Cooling Tower to Variable Flow. C-PACE financing is projected to contribute to the annual reduction of 2,835,067 pounds of CO2-e. This translates to annual financial savings of more than $232,600. The project will also reduce the building’s carbon footprint by 33,435 metric tons of CO2-e emissions over the life of the project.