Jersey City Housing Authority Energy Efficiency Project
Grant Capital Management completed the funding of $12.7 million for the implementation of a second-phase energy efficiency project at the Jersey City Housing Authority.
The funding covers $2.5 million in Phase 1 energy equipment and approximately $10 million in new energy efficiency measures. The Authority contracted Siemens Industry, Inc. to purchase and install energy upgrades across 1,679 housing units throughout Jersey City.
The second phase energy project will allow the Authority to install new energy-efficiency equipment which will be paid for by the project’s savings. Additionally, the Authority will be saving over $500,000 in utility costs.
“It was a pleasure working with Grant Capital Management to finance our project. Their expertise, relationships, and attention to detail helped us to close and begin construction on our $12.7 million project smoothly and efficiently.”
Siemens Industry Team