Mission & History
Commons Energy is a comprehensive total-energy solution for owners of small to mid-size multifamily affordable housing, education, health care, and community and municipal facilities who may have difficulty accessing capital, technical skills, and implementation services.
Established as a low-profit, limited liability company (L3C), a form of LLC that balances social and financial returns, Commons Energy is a for-profit subsidiary of Vermont Energy Investment Corporation, a nonprofit organization dedicated to reducing the economic and environmental costs of energy use for all economic groups.
Affordable multifamily housing
We are excited to be working with VEIC as an investor, financing building projects of Commons Energy L3C, the Public Purpose Energy Savings Company that VEIC recently launched. The reduced energy usage and improved Vermont housing stock that will result from this investment aligns beautifully with our broader goal of creating strong, healthy communities.Deb Rooney, CFO, Vermont Community Foundation
In The News
- gb&d, 3/1/2018: Meet the Winners of the 3rd Annual Passive Projects Design Awards
- The Times Argus, 11/17/2017: Apartments Now Heat with Wood
- WCAX, 11/16/2017: Wood Heat an Attractive Alternative for Affordable Housing
- VHFA, 6/9/2017: Elm Place Ribbon Cutting
- WCAX, 1/2/2017: Burlington Diocese Bishop Coyne on the "Year of Creation" and partnership with Commons Energy
- Catholic Philly, 12/22/2016: Burlington Diocese partnering with Commons Energy in 2017
- Green Energy Times, 12/15/2016: Commons Energy Offers New Approach for Public Purpose Buildings to Save Energy
- The Other Paper, 10/6/2016: Progress with City-Owned Buildings
- Commons Energy Included in White House Energy Efficiency Fact Sheet, 8/24/2015
- Vermont Digger, 11/24/2014: Energy Efficiency Company Finds Niche Market
- Vermont Public Radio, 11/20/2014: New Efficiency Firm Looks To Put $50 Million Into Public-Purpose Buildings
- MacArthur Foundation partners with Commons Energy to Make Energy Efficiency Improvements in U.S. Multi-Family Housing
- Commons Energy Brings Energy Savings within Reach for Underserved Markets, 11/20/2014
MacArthur Foundation: Provided start-up funding and early support of the Commons Energy business model through grants and capital partner providing project financing.
High Meadows Fund: Early supporter of the Commons Energy business model through grants and a capital partner providing project financing.
Kresge Foundation: Early supporter of the Commons Energy business model through grants and a capital partner providing project financing.
National Housing Trust: Lead underwriter for multi-family housing projects and a capital partner providing project financing.
VEIC: Parent company of Commons Energy and early provider of energy performance contracting to underserved markets. Provided start-up funding for Commons Energy business model.