Northeast Tool

Location: 265 Benton Street, Stratford, CT
Building Size: 13,000 sq ft
Year Built: 1962
Total Project Cost: $142,471
Utility Incentive: n/a
C-PACE Financing: $122,471
Term: 20 years
Annual Interest Rate: 6.0%
Annual C-Pace Assessment: $10,597
Annual Energy Cost Savings: $10,771
Lifetime Energy Cost Savings: $218,180
Annual Energy Savings: 659 MWh

The 13,000 square foot building at 265 Benton Street, Stratford, CT is an auto parts warehouse and distribution facility run by Northeast Tool Distributors LLC. The property itself is owned by L&H Realty LLC. The proposed investment is a C-PACE transaction under which CEFIA would provide construction financing in the amount of $122,471 to support the installation of a 30.16 kW rooftop solar PV system, in addition to a roof upgrade.