Animal Hospital Reduces Carbon Footprint and Saves on Energy Costs
Harbor Animal Hospital, in Warren, closed on a $254,000 C-PACE loan to fu nd the installation of solar panels and LED lights. The animal hospital utilizes a large amount of electricity due to their hours of operation, equipment and animal boarding program. Over the next 20-years, the hospital is expected to reduce its carbon footprint by 1,234 metric carbon tons and generate financial savings of $583,000. 

“We are excited by Harbor Animal Hospital’s decision to utilize the Infrastructure Bank’s C-PACE program. It’s heartening when local businesses make investments that help advance the Town’s ‘Green Warren’ initiatives,” said Warren Town Manager Kate Michaud, “By transitioning to highly efficient LED lighting and installing a roof-top solar system, Harbor Animal Hospital is helping the Town reduce its environmental footprint while maintaining the Town's beautiful natural resources.”

“The C-PACE program made it possible for a small business like us to invest in clean energy. We will start seeing savings almost immediately,” said Dr. Wade Cordy, owner of Harbor Animal Hospital. 
Recap: Municipal Resiliency Program 
Five communities participated in the first round of the Municipal Resilience Program. Over 250 people, including local government and community leaders, non-profit organizations, and businesses participated in the four workshops. The workshops solicited community input to prioritize a list of actionable and implementable local resilience projects and policies. The workshops, delivered collaboratively by the Infrastructure Bank and the Nature Conservancy, provided a venue for a greater understanding of how resilience projects can provide a range of benefits to a community.

The participating communities, Barrington, Warren, Portsmouth, South Kingstown and Westerly, will now have the opportunity to apply for action grants to fund priority projects. In December, the Bank will announce the opening of the application process for the 2020 Municipal Resiliency Program. 

Stop by New England Real Estate Journal’s “Rhode Island State of Market” conference on November 13th at the Crowne Plaza in Warwick. Guests will have the chance to hear from a number of experts addressing trends and opportunities emerging across the Rhode Island real estate landscape, including the Infrastructure Bank’s Michael Baer. Topics will cover how Rhode Island municipalities are making it easier to promote local economic growth, as well as supporting existing and new businesses, new finance tools, construction and incentive opportunities.
R.I. State of the Market
November 13, 2019
Crowne Plaza Hotel, Warwick
8am-12 noon