Ivy Knoll, a 7 story all-electric building, is a senior retirement community that elected to use PACE financing for their energy efficiency improvements.

This $750,000 project with a 20 year term includes solar panels that will generate 64,000 kilowatt hours annually, LED lighting that is estimated to save $12,000 annually, and an elevator modernization that is estimated to reduce energy consumption by 40%. In addition the units will have automated controls that can be operated from a central control system, allowing the building owner to turn off the HVAC in vacant apartments.