Project is the single largest energy conservation project the City has undertaken, will reduce streetlighting energy use by more than 50 percent Better performing streetlights will support public safety by improving nighttime visibility for pedestrians, bicyclists, and motorists Contacts: Joe Grace215-686-3437215-964-7093 (cell)Joe.Grace@phila.gov Katie Bartolotta(716) 799-7577kbartolotta@philaenergy.org Philadelphia, PA — City leadership and the Philadelphia Energy Authority […]
Combined with IRA benefits, commercial solar costs are reduced at least 35-40%. In June, PECO launched a new solar energy incentive for commercial property owners. This incentive is part of its Act 129 program which incentivizes reduction in electricity use. In this case, the incentive is for production of “behind-the-meter” solar energy. The program provides […]
PEA Spurs $89.6MM in Clean Energy Investment in 2022, Creating 771 Local Jobs Philadelphia, PA — The Philadelphia Energy Authority (PEA) joined City leadership and the Philadelphia Green Capital Corp. to announce the 2022 results of PEA’s Energy Campaign work: PEA spurred $89.6M in clean energy investments and created 771 local jobs. This progress keeps […]
$40MM IN ENERGY EFFICIENCY FINANCING FOR MULTIFAMILY PROPERTY Developer Southern Land Company secures $40MM in energy efficiency financing for 329 apartments and 15,000 SF of retail through C-PACE program expansion The Philadelphia Energy Authority, Nuveen Green Capital and Southern Land Company announced today the closing of $40MM for a 329-unit multifamily property in the Callowhill […]
The Inflation Reduction Act (IRA) of 2022 was signed into law by President Biden on August 16, 2022. This truly historic law includes $369 billion of federal climate-related funding. It is designed to reduce the nation’s carbon footprint by 40 percent of 2005 levels by 2030. There are many things we know about the IRA […]