by Rebecca Walker — March 12, 2010—Massachusetts has launched a financing plan that allows the Commonwealth to fund energy efficient and renewable energy projects at dozens of state buildings through state-backed general obligation bonds that will be paid through energy savings.
The aim is to save millions of energy dollars annually, reduce greenhouse gas emissions and support the governor’s clean energy goals.
The Commonwealth Clean Energy Investment Program will streamline financing for as many as 32 projects that could yield $22 million in annual energy cost savings for the state.
Completion of state energy projects is also expected to help Massachusetts meet its target goal of reducing overall energy consumption at state-owned buildings by 20 percent and greenhouse gas emissions resulting from state government operations by 25 percent by 2012.
For more information, see the government press release.
