King County proposes financing for ‘green’ projects

November 13, 2012

By Staff

Businesses, nonprofit organizations and other groups could receive easier access to low-interest financing for “green” projects under a county proposal.

In legislation proposed Oct. 23, King County Executive Dow Constantine said the county should create the state’s first Green Communities Initiative.

Under the proposal sent to the King County Council, the county could promote and help groups and businesses access below-market-rate interest financing tools for energy conservation and other environmentally beneficial projects.

Examples could include projects, such as a commercial building bundling a number of conservation projects for energy savings, or a group interested in borrowing money to construct a communitywide solar energy project.

Officials said the program should not cost the county, other than providing some staff time to promote the financing programs and evaluate projects.

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