Introduction: This post aims to introduce some other incentives and opportunities modified or created in The...» Read More
Cost of Inaction: Delaying Energy Efficiency Upgrades
While many assume that energy savings upgrades are costly and unnecessary, delaying upgrades is a decision to continue paying utility companies for energy waste rather than investing money in improving your facilities.
The US Department of Energy estimates that the typical household can save 25% on their utility bill with energy efficiency measures, which can add up to a few hundred dollars per year. This savings can be even greater for a commercial property whose energy consumption is much larger than a typical household. The longer one waits to implement energy efficiency improvements, the more money they are wasting and handing over to the utility company. Thankfully, there are financing options offered that make implementing these improvements easy and can even help businesses improve their bottom line, such as those offered by Sustainable Energy Fund.
Sustainable Energy Fund is able to make energy efficiency more accessible by capturing future savings to help pay for energy upgrades. They offer the upfront capital in the forms of Energy Savings Agreements or Commercial Loans. Repayments are made from the savings on utility bills that result from energy efficiency upgrades. On energy savings agreements, Sustainable Energy Fund also offers technical assistance and verification of energy savings for at least two years after conservation measures have been installed.
Sustainable Energy Fund has experience working with a variety of organizations from schools to nursing homes to car dealerships and has been able to assist in saving their clients anywhere from $5,000 to $200,000 annually on their utility bills. Since the cost of financing a project is in most cases less than the operating budget dollars saved from reduced utility bills and less than the cost of delaying to start a project, an organization can be cash flow positive soon after implementing energy efficiency upgrades. When this is the case, the extra cash flow can be used by an organization to further their mission however they see fit.
Now is the time to stop wasting and start saving. If you are interested in saving energy, saving money, and improving your bottom line, contact Sustainable Energy Fund today at 610-264-4440, or via email at [email protected]