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Events2HVAC Financing Strategies

Feb 25

Written by:
2/25/2013 10:10 AM  RssIcon

Budgets are tight, and facility managers are being asked to do more with less – less money, less time, and less staff. Requests for investment in energy efficiency improvements are often denied, even if proof of their effectiveness is readily available. There are just too many projects competing for limited funds.

So how can a facility manager overcome the money obstacle?

We have thought a lot about that question and how we can make Events2HVAC more affordable for all kinds of facilities, from K-12 schools to state and local governments. We have come up with two strategies to offer specifically for Events2HVAC, as well as several other ideas and resources that we hope will help facility managers obtain the money they need for effective improvements.

First, here are two options we can offer you to make it easier to pay for Events2HVAC:

  • The first option is to spread the cost of Events2HVAC out over three years. We can set up a payment plan for you, and you would be able to use some of the early savings to pay for the rest of the cost of the software. This would allow you to reap the full benefits of Events2HVAC quickly, while spreading out the up-front cost.
  • A second way to spread out the cost is to implement Events2HVAC in just one building at a time, using savings from the first building to pay for adding the next building to the system.  Several of our customers have used this strategy already. It is a simple process for us to increase the number of rooms on the license whenever you are ready to add another building. Since the software would already be installed, you would just need to enter the new rooms and equipment into Events2HVAC.

While those strategies will help make the initial cost more digestible, you may still need help with finding a funding source.  There are a lot of federal, state, local and utility incentives available for funding energy efficiency projects. Here are some potential opportunities:

·         Check the DSIRE website to search for federal, state, and local incentives for energy efficiency in your area. These incentives include tax deductions, tax credits, rebates, grants, loans, and alternative financing opportunities.

·         The DSIRE website is updated often, but you should also call your utility company and local government to ask about energy efficiency incentives and on-bill financing or PACE financing opportunities.

·         Until December 31, 2013, there is a commercial building tax deduction for energy efficiency improvements offered by the US government. Since public colleges and universities and some other non-profits don’t pay federal taxes, there is a provision that you can transfer the tax deduction to the contractor as a form of payment.

·         Another way to fund energy efficiency projects is through a green revolving fund. It takes some initial financing from a donor or other source to get it going, but the idea is that you use it only for efficiency projects, and you put the savings from each project back into the fund to fund future projects.

We hope that this article has been helpful. Please contact sales@streamsidesolutions.com if you have questions about this article or if you would like to talk about Events2HVAC financing options for your facility.

About Us

Founded in 1998, Streamside Solutions provides software products, solutions and services for the building automation industry.


Phone: (888) 320-4277

        

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