New Ohio Efficiency Resource Fund to Help Upgrade Buildings
Small and Medium-Sized Businesses Can Now Get Funding for Energy Efficiency Retrofits
CLEVELAND — Smaller businesses, schools, churches, and clinics throughout Ohio could potentially cut tens of millions of dollars a year off their energy bills using a new financial tool launched by the Council of Smaller Enterprises (COSE), efficiency-services financer Metrus Energy, and CalCEF, an organization focused on accelerating clean energy technologies.
The new Ohio Efficiency Resource Fund provides otherwise hard-to-get financing for small and medium-sized businesses to make energy-efficiency improvements, with no upfront costs and no risk. According to the organizations, this new approach bridges the funding gap that has stymied small- and mid-sized retrofit projects, which impacts thousands of buildings statewide.