The IECA, a non-profit organization focused on energy conservation in Illinois, recently completed its 30th C-PACE transaction in the state. This particular project involved providing funding for energy efficient improvements to a 23,098-square-foot office property located in Tinley Park. The financing was finalized in November of 2024 and covers HVAC upgrades, window glazing, roof repairs and water conservation measures. It is expected that these improvements will result in significant utility savings over the course of the 25-year financing term.
In order to finance this project, the borrower chose Inland Green Capital LLC – an environmental finance and investment company specializing in mid-range C-PACE loans and retroactive financing for PACE initiatives across the country. As one of Illinois’ leading C-PACE program administrators, IECA continues to work towards expanding participation from communities throughout the state.
