Downtown Denver’s Petroleum Building

$1.1 Million | 20 Year Term | HVAC, Control Systems

Denver’s Petroleum Building

The owners of historic Petroleum Building in Denver sought to enhance occupancy rates and renew leases by creating a healthy, comfortable, productive, safe and environmentally considerate place to work. The key benefits of the efficacy upgrades are reduced energy use and more flexibility to address tenant comfort issues.

The Challenge
The HVAC system and building controls needed to be replaced. The owner needed to finance both soft and hard costs, while keeping their capital budget intact.

The Solution
CleanFund secured $1.1 million in C-PACE capital that will be repaid over 20 years at a fixed-rate, is non-recourse and covers 100% of project cost.

The Result
The building’s energy efficiency will improve by 12% with an annual CO2 reduction of 1,384 tons, the equivalent to taking 296 gas-powered cars off the road for a year.
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Tim Borst
Tim Borst Owner, Petroleum Building LLC

"C-PACE enabled us to fund our improvement project with long-term financing, which made it affordable. Even better, it covered 100 percent of the soft and hard costs, which kept our capital budget intact. It’s a great program and I’m glad we have it in Colorado."