Affordable Community Energy (ACE) along with the team at Continental Plaza, Hispanic Housing Development Corporation, Tropic Construction, dbMS, and eConserve performed a comprehensive retrofit of a 164-unit affordable senior housing project. The work included energy efficiency measures like lighting upgrades and replacement of rooftop units, as well as water conservation measures, solar installation, and combined heat and power.
The project is well deserving of the Innovative Energy Efficiency Partnership award because they did not let lack of in-house personnel, expertise, or complexity of capital hinder the project from moving forward. They created a successful model comprised of the right stakeholders, in a manner that was off balance sheet for the owners of the project, and transferred risk of performance to make the project more palatable to owners.
The innovative work done by these organizations demonstrates the outside of the box thinking, tenacity, and willingness to approach well-known industry barriers in new and innovative ways and set an example for the efforts to grow and scale energy efficiency in the City of Chicago. Click here for the press release.
