Celtic Bank Announces $6.9MM PACE Bond Funding with Los AngelesrnCounty

摘要

2014 JUL 25 (VerticalNews) -- By a News Reporter-Staff News Editor at Energy Business Journal -- -Celtic Bank is pleased to announce that it recently funded a PACE bond with Los Angeles County in the amount of $6,860,000 for the New Constance Hotel located in Pasadena, California. Funds for the New Constance Hotel will be used to install energy efficient improvements including new HVAC and controllers, LED lighting, elevator motors and controls, window treatments, water systems, and insulation. These improvements are estimated to save 207,488 kWh per year in electricity usage and reduce water consumption by 3,200,000 gallons. The closing of the New Constance Hotel PACE bond brings the total amount of PACE fundings by Celtic Bank to $14,065,000.