Shagbark Lumber & Farm Supplies

Location: 21 MT PARNASSUS RD, East Haddam, CT
Building Size: 35,950 sq ft
Year Built: 1996
Total Project Cost: $485,000
Utility Incentive: Zero-emissions Renewable Energy Credit (ZREC) from CL&P
C-PACE Financing: $485,000
Term: 10 years
Annual Interest Rate: 5.0%
Annual C-Pace Assessment: $61,325
Annual Energy Cost Savings: $68,620
Lifetime Energy Cost Savings: $1,215,205
Annual Energy Savings: 159,927 kWh
The 35,950 square foot facility at 21 Mount Parnassus Drive was originally constructed in 1996 and comprises lumber and farm supply retail space and storage in East Haddam, CT. The proposed investment is a C-PACE transaction under which CEFIA would provide construction financing and a term loan commitment in the amount of $478,000 to support the installation of four solar arrays , totaling 157kW of PV on the premises