Funding and Incentives
There are many programs that recognize that cost and energy savings are important to building owners and provide financial incentives to help offset the costs of various system enhancements. Some of these incentives are relatively simple, such as a few dollars per lamp for a lighting upgrade; other “custom incentives may require the preparation of an energy model to document more complex upgrades. These incentives “to do better” may apply to both new and existing buildings and may afford an even greater reduction in operating cost than originally anticipated.
In addition, many financial institutions find energy efficiency a sound investment and have developed energy efficiency loan programs. This is a win-win for the building owner since energy savings are used to repay the loan.
CxE has developed a detailed understanding of these programs and methods to maximize savings for the owner. As facilitators in documentation process, we prepare the incentive application and serve as liaison between the client and the incentive program, answering technical questions and providing support data as needed. As the project progresses, we assist with implementation and collect documentation for verification. Lastly, we submit the final reporting and paperwork to confirm proper installation and operation.
Potential funding sources for energy efficiency projects:
Utility incentive programs:
The Smart Energy Design Assistance Center (SEDAC) provides a variety of energy savings programs for both new and existing buildings, as well as information and education for building owners and operators to maximize energy savings.