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Louisville, KY 40299

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EPAD

EZone

Create an EPAD EZone with Harshaw Trane

 

What is EPAD?

The Energy Project Assessment District Act of 2015 (the “EPAD Act”) provides a new, innovative, proven way for commercial property owners to pay for:

 

  • Energy Efficiency Upgrades

  • On-site Renewable Energy Projects

  • Water Conservation Measures

 

EPAD funding is arranged for 100% of a project’s costs, and is repaid by participating property owners with a voluntary assessment on the property tax bill over a term of up to 20 years.  This type of program – known elsewhere as Property Assessed Clean Energy (“PACE”) is available in 21 states. 

 

 

Why EPAD?

There are many benefits to property owners through the use of EPAD versus traditional loan products. EPAD assessments offer lower, fixed interest rates, longer repayment terms and the ability to effectively improve overall property value and marketability.

 

 

EPAD Value

The EPAD Act allows municipalities to pass ordinances that create EPAD districts (often times encompassing the entire municipality) that enable additional voluntary assessments to a property owner’s tax bill, which helps facilitate the implementation of energy efficiency and renewable energy upgrades to properties within the district.

 

EPAD can be a real estate finance tool, as well as an economic development driver.  The assets being financed are tangible assets which lend value to the property or properties within the financing district.  This implies that investors in EPAD bonds look solely to the value of the property as their source of repayment.

 

 

Why is EPAD Good for the Economy & Cities?

Many U.S. cities have implemented community-wide sustainability initiatives, encouraging property owners of all types to reduce energy consumption and carbon footprint.

 

EPAD is a single solution that creates jobs, enhances property values, enables and encourages building owners to upgrade their infrastructure now to become more sustainable.  

 

 

 

 

 

 

 

Partnerships
 
 
 
 
 
 
Most businesses and communities recognize the increasingly important role that infrastructure plays in the ability to deliver services, and effectively manage business operations.  Now with EPAD, it becomes much easier.
 
Frost Brown Todd’s legal knowledge and hands-on experience coupled with Harshaw Trane’s energy environment facility intelligence creates a powerful resource for building owners to decrease their energy spend and increase their property values.
 
Harshaw Trane is Kentucky’s largest and most experienced energy services company, investing over $280 million dollars in Kentucky commercial, healthcare, industrial and institutional energy savings projects.
FBT, a law firm with more than 500 lawyers across an 8-state footprint, offers a deep, talented roster of legal professionals, who know Kentucky and its energy landscape.
We can show you how this partnership can create success for you.
Ready to create your EZone EPAD Project?
 
Contact Ty Vierling at Harshaw Trane