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EPAD Energy Efficiency Financing Signed Into Law in Kentucky

Last month, Energy Alliance team members Andy Holzhauser and Jeremy Faust were in Frankfort to attend a bill signing for the Energy Project Assessment District Act, or EPAD.

EPAD, also known as PACE nationally, is a unique economic development tool designed to allow commercial and industrial building owners to finance energy efficiency, water efficiency, and renewable energy improvements through a voluntary special assessment attached to the property.

Kentucky Governor Steve Beshear signed the bill into law noting the energy and water saving potential that EPADs offer Kentucky businesses.

The Energy Alliance is working with partners throughout Kentucky to develop this new tool. If you are interested in learning more, please call us at 513-621-4232 ext. 3.

 

Governor Steve Beshear signing into law the Energy Project Assessment District Act. From left to right: Representative Russ Meyer, bill proponent; Representative James Kay, EPAD bill sponsor; Jeremy Faust, Energy Alliance Strategic Business Development Director; Governor Steve Beshear (seated); Andy Holzhauser, Energy Alliance CEO; Richard Pickren, Harshaw Trane Vice President of Finance; Brooke Parker, Frost Brown Todd.

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Pen presented to the Energy Alliance as one of the 15 used to sign the bill into law.

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Energy Tip: Turn off the Water

This month’s energy tip is brought to you by World Water Day:
Saving water also saves energy.

To start, using less hot water saves on the energy needed to heat your water. Saving water and saving energy becomes a case of the chicken and the egg.

As we reduce our energy consumption, less water is needed to produce electricity from fossil fuels and nuclear sources.

Almost 39% of all freshwater withdrawals in the nation are for electricity production.

Discover 100 ways to save water.

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