Energy Project Assessment District (EPAD)

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LouisvilleKY and Citizens Union Bank celebrate partnership on the first Energy Project Assessment District project

Louisville, KY., – Metro Louisville’s Office of Sustainability has implemented its first Energy Project Assessment District (EPAD) project with partner Citizens Union Bank (CUB). EPAD is a tool that encourages property owners install energy efficiency improvements, renewable energy and water conservation measures at commercial and multi-family properties, by allowing them to acquire private funding that can be paid off through a voluntary assessment administered by the Jefferson County Sheriff in the same manner as a property tax bill. The program allows property owners to extend the term of the loan to 30 years and finance up to 100 percent of…