Energy Efficiency Incentives: A Simple Road Map
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Transcript of Energy Efficiency Incentives: A Simple Road Map
Navigating Electric Utility Provider Energy Efficiency
Incentive ProgramsA Simple Road Map
Searching for additional funding
for an energy efficiency project?
Utility Incentive Programs
MAY be the answer to
your funding problems
In 2008, there was approximately $3.1 billion in total U.S. dollars for energy efficiency programs.
The figures are expected to more than double in coming years, with $7.4 billion to $12.4 billion available by 2020.http://www.greentechmedia.com/articles/read/A-Boom-in-Utility-Rebates-Drives-LED-Lighting
Where to start?
Sounds good, right?
There are 1136 Energy
Efficiency Incentive Programs available
nationwide in 2014
http://www.dsireusa.org/summarytables/finee.cfm
Research the programs
available in your area
Programs constantly change and have numerous energy efficiency
measures available for projects in all shapes and sizes
http://www.dsireusa.org
Where do the funds come
from for these
incentive programs?
Electric utility companies CHARGE A FEE on power bills to
fund Energy Efficiency Programs. In Texas, its called Energy Efficiency
Cost Recovery Factor
In other words, YOU ARE PAYING FOR SOMEONE
ELSE to implement energy efficiency measures if you don’t take advantage of the incentive programs.
Do ALL utilities have incentive programs for
EVERY measure you want to install?
What Energy Efficiency Measures Qualify?
Qualifying Energy Conservation Measures (ECM) depend on:
- the area of the country
- new technologies
- utility savings goals
- success of prior programs
- fuel sources
How much of the total project
material costs do incentives
pay?
Sorry to be so evasive but.... …the answer truly depends on the program goals, the installed
measures, and the project scope. Some programs pay for everything up to100%, others pay nominal costs (between 20%-30%). Researching
your options is the key.
What energy conservation measures generally qualify?*
* not all equipment will qualify. Check with your local utility provider for incentive program fine print details
HVAC
Replacing old chillers can
yield tremendous
energy efficiency
results and BIG CASH
incentives
Onsite Renewable
Energy
Lighting
More measures
Even More measures
We have the project course
plotted
Can We Start Yet?
a few words of caution first....
AVOID the PITFALLS
Watch your step throughout
Tiny mistakes may create
LARGE problems
FIVECommon Pitfalls
1) Non-Approved Products
2) Calculation Errors
3) Starting BEFORE Receiving WRITTEN Approval
4) Reading the Fine Print
5) No Funds Available
1) Common Required Certifications for Products
2) Calculation errors happen
often....
3)False starts will usually get you
disqualified
It’s best not to start removing old equipment UNTIL you have WRITTEN
confirmation of reservation of funds from the program
administrator.
4) NOT Reading the
fine print of your supply
contract
Make sure your company is the one receiving the incentive check. Some
suppliers have been known to hide the details of where the incentive money goes.
...And most importantly!
#5
Is there FUNDING still available in the
program?
Resources are ALWAYS limited!
Pre-Inspection complete Confirmation received
Funds reserved Workers Ready
NOW we are ready to GO!
Put your installation
team to work
Navigate the project to
completion
Stay on Target
Almost there!
DOTDOT the i’s &
CROSSCROSS the T’s
Submit your completion documents
then.... Wait for the final
inspection (if required).
Last Step.....APPROV
AL RECEIVE
D
It’s OVER ,except for......
.....the waiting
Finally!
Reward for all of your hard work. The BIG check!
Please let us know if you have any
questions or need a guide for your
journey