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Posts from the ‘Business Tools’ Category

Salt Lake City Celebrates Largest Clean Tech Financing Deal in Program History

Salt Lake City is growing rapidly. Keeping up with the city’s growth in a sustainable way might feel daunting. Investing in renewable energy and energy efficiency is one of the best ways to reduce pollution and curb carbon emissions as our community grows.

But those improvements can sometimes be expensive. That’s why Salt Lake City and the State of Utah recently partnered on offering a new type of financing program called C-PACE, which stands for Commercial Property Accessed Clean Energy.

In a nutshell, C-PACE helps commercial property owners obtain low-cost financing for sustainability projects including energy efficiency, water conservation, and renewable energy. The financing structure helps existing and new developments keep up with energy efficiency goals and standards, and is becoming more and more competitive as a financing tool.

Salt Lake City joined the C-PACE financing program in 2018 as a way to help incentivize sustainable development.

And a little over one year later, we are thrilled that the largest C-PACE project in the United States – EVER – just broke ground in Salt Lake City! The Hyatt Regency will be located on the corner of 200 South and West Temple.

Sustainable Development

C-PACE will help ensure that Salt Lake City can meets its sustainability goals. Specifically, Salt Lake City aims to cut carbon emissions by 80% by 2040 and shift to net-100% renewable electricity resources by 2030.

C-PACE is unique because of its low interest rates and because it allows for the collection of payment through property tax assessments that stay with the property. That means that the cost and benefits from– for example– solar panels or building efficiency upgrades stay with the property, rather than being a financial burden borne solely by the developer or the original property owner.

The 26-story Hyatt Regency Hotel across the street from the Salt Palace will have 60,000 square feet of convention space and 700 rooms. The C-PACE financing allowed developers to proceed with aggressive sustainability measures including heating and cooling systems. According to CleanFund, the hotel is projected to “exceed the energy code compliance level by over 20 percent.”

The release further stated: “The $54.7 million in Commercial Property Assessed Clean Energy contribution provided by CleanFund will fund nearly every sustainable upgrade in the new hotel, demonstrating the effectiveness of the state’s new C-PACE legislation towards achieving Salt Lake City’s environmental goals. It also sets a record for the single largest amount ever financed by C-PACE nationally.”

With Salt Lake City’s booming convention industry, the Hyatt Regeny Hotel is an investment in Salt Lake City’s economy as well as sustainability. Improved energy efficiency and increased use of renewable energy will reduce air pollution and achieve a lower carbon footprint for developments.

C-PACE financing helps standardize those practices.

The Hyatt Regency Hotel will open in 2022. Photo courtesy of Salt Lake City’s Economic Development Department.
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Building Resilient Cities

Air quality and curbing carbon emissions are two large concerns for Salt Lake City. C-PACE financing for buildings like the Hyatt Regency Hotel helps ensure Salt Lake City’s economic viability as well as its environmental resiliency.

With the C-PACE program in place, Salt Lake City will be able to continue to help lead the country in building cleaner, more sustainable buildings. We look forward to more investments in 2020!

Calling Small Businesses! Enroll in the wattsmart Energy Efficiency Program

Commercial buildings require a lot of energy to operate. If you’re a small business owner, electrical bills can threaten your business’ success. Indeed, lighting alone represents between 20 – 50% of the typical energy consumption of a small business.  

Improving energy efficiency is more sustainable and cost-effective. By switching to energy efficient LED light bulbs, businesses lower their energy consumption, conserve resources, reduce emissions, and save money. LED bulbs use up to 75% less energy than incandescent bulbs!

In an effort to improve energy efficiency opportunities for their customers, Rocky Mountain Power began the wattsmart Small Business Direct program to offer discounts and financing to eligible businesses that switch to LED energy efficient lighting.

Businesses can enroll from now until December 18th to benefit from Rocky Mountain Power’s program.

wattsmart Small Business Direct

The wattsmart Small Business Direct Program

Through the Small Business Direct Program, Rocky Mountain Power provides lighting system upgrades for eligible businesses. Businesses receive an energy assessment, retrofit options, and assistance with energy efficient lighting installation.

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Clever Octopus: Making Art and Keeping Everyday Items Out of the Landfill

By SLCgreen intern Atticus Olmedo

Welcome to SLCgreen Connections, an occasional series highlighting SLCgreen’s fantastic local partners—the people and organizations with whom we work closely to make Salt Lake City a greener, more vibrant, and sustainable city!

It has been a busy summer for the Clever Octopus Creative Reuse Center. The creative reuse center is one of Salt Lake City’s e2 Businesses, a program dedicated to helping Salt Lake’s business community be more economically- and environmentally-sustainable. And Clever Octopus is passionate about sustainability. With multiple summer camps, including Sculpting the Future: Art to Save Utah with Goldman Sachs, and even more classes throughout the summer, the creative reuse center helps divert waste, support the community, and foster creativity and environmental awareness through art.

Indeed, Clever Octopus has expanded its programming from a thrift store for art supplies to a fully-fledged creative reuse center providing educational opportunities for students of all ages and skill levels across Salt Lake Valley.

SLCgreen recently met with members of Clever Octopus’ team, Lin Huang, Kacy Huston, Jen Lopez and David Sadler, to talk about their work making art sustainable and accessible.

Clever Octopus Creative Reuse Center
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Salt Lake City Recognizes Owners of Energy Efficient Buildings as new City Ordinance Begins Roll-out

PRESS RELEASE – September 5, 2019.

Today, Salt Lake City honored buildings with high energy performance at the annual Elevate Buildings Awards. The Department of Sustainability invited all buildings who participated in the City’s energy efficiency benchmarking program and received an ENERGY STAR score of 75 or above to the reception this afternoon attended by Mayor Biskupski.

A score of 75 indicates exceptional energy performance.

In addition, the City opened up nominations for buildings to have a particular energy project recognized. Three awards were given this afternoon:

  • Unico Properties received the Energy Management Award in recognition for their work upgrading the HVAC and damper systems in 250 Tower following a Rocky Mountain Power wattsmart Business audit.
  • City Creek Reserve received the Recommissioning Award for their work in optimizing the energy performance of the HVAC system at the Key Bank Tower.
  • The Energy Project of the Year was given to Intermountain Healthcare for a variety of upgrades, including new air handling units and LED lighting retrofit, at Primary Children’s Hospital.
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Happy Anniversary to SLC’s Square Kitchen!

Welcome to SLCgreen Connections, an occasional series highlighting SLCgreen’s fantastic local partners—the people and organizations with whom we work closely to make Salt Lake City a greener, more vibrant, and sustainable city!

Can you believe it? It’s been over a year since Salt Lake City’s Square Kitchen opened. This labor of love took 8 years to fully realize and was one of our Department’s core Local Food access programs.

In that time, Square Kitchen’s Analia Valdemoros and Tham Soekotjo have truly taken the idea of an “incubator kitchen” from a dream to a thrilling reality while maintaining a strong focus on client support, flexibility, and creativity.

We met with Ana and Tham at the Square Kitchen facility on 751 West and 800 South to learn more about their first year of operation and take a peek at some of the local food businesses that got their start at the unique incubator space.

Square Kitchen
751 W. 800 S.
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Salt Lake City Unveils 8 New Electric Vehicle Charging Stations

Mayor Jackie Biskupski “unveils” the latest electric vehicle charging infrastructure in Salt Lake City, April 22, 2019.

Salt Lake City recently unveiled the latest electric vehicle (EV) public charging infrastructure.

These stations increase the total number of City-owned public EV charging ports to 38 plus 16 at the Airport, and complement an even more robust charging network available throughout the city.

The newest Level 2 EV charging ports opened last month at three separate Salt Lake City locations: Mountain Dell Golf Course, the Regional Athletic Complex, and on-street parking on 500 South, just south of The Leonardo.

“Electrifying transportation is one of the most meaningful ways we can tackle air quality problems in the Salt Lake Valley,” said Mayor Biskupski. “The City applauds the many residents and businesses investing in electric vehicles and is pleased to offer charging opportunities for these clean air champions.”

Funding for the project was provided in part by a grant from the Utah Division of Air Quality, building off the initial installation of 28 ports in 2017.

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New Recycling Facility Coming to Salt Lake City

Salt Lake City is excited to announce that a new Materials Recovery Facility (MRF) is coming to our city in 2020. It will process Salt Lake City’s residential recycling, along with other customers’ material from around the area.

Waste Management is currently the City’s contracted recycling vendor and processes roughly 750 tons per month of Salt Lake City recyclables at their facility in southern Salt Lake County.

This new, upgraded facility will allow the company to produce a cleaner end-product with higher value, increase diversion from the landfill, and support Salt Lake City’s overall recycling goals.

This is all the more important in an era when recycling markets are tightening; demand for cleaner material is paramount; and facilities, municipalities, and residents must adapt to new standards.

We’re also thrilled that the facility will be located in Salt Lake City limits, with the attendant economic development impacts, as well as the shorter travel times for our trucks.

See the below press release from Waste Management for more information.


Waste Management Announces Plans to Expand Recycling Operations in Salt Lake City to Better Serve the Community


Waste Management’s current Transfer Station near the airport will soon be transformed into a state-of-the art Materials Recovery Facility that will process up to 700 tons of recycled materials per day. Photo courtesy of Waste Management.

SALT LAKE CITY, Utah — March 6, 2019 — Waste Management of Utah has announced plans to expand and improve its Salt Lake City recycling operations with the construction of a new, larger and technically-advanced Materials Recovery Facility (MRF). Building is expected to begin in the spring and the new MRF is slated to be fully operational by early 2020.

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