10 Minutes to a Better Building: Finding Utility Incentives for Your Building

Building owners and property managers may be familiar with the various rebates and programs associated with equipment within the scope of their buildings. Still, there are other utility incentives available that aren’t as known. Emily Herchenroeder, Energy Solutions Team Leader at Boland, joined Tyler Kern to shed more light on some of those other utility rebates and incentives.

“The purpose of the incentive program is pretty simple,” Herchenroeder said. “It’s designed to reduce demand on the utility grid by incentivizing businesses to do capital improvement projects at a fraction of the cost.” It’s a two-part saving with money back through rebates and cash saved through energy usage reduction.

One example of a beneficial incentive Herchenroeder pointed to was AFDs. “We found a chiller plant in D.C. that qualified for a really good rebate for AFDs,” Herchenroeder said. “Since Washington, D.C. already has a relatively expensive electricity rate, we found this payback was for one AFD, roughly one-to-three years payback, and then a second drive would be five years or less for both.”

Belimo Energy Valves are another item Boland’s found incentive opportunities for clients. “Boland did a retrofit project in Berkeley County where a number of outdated system components were replaced with Belimo Energy Valves,” Herchenroeder said. “This reduced their HVAC energy usage by more than half.” Once installed, these sophisticated valves helped detect flaws within the existing piping of this Berkely County project.

In a recent project Boland developed with a client, they found a significant rebate using dynamic air filters. “In this particular project, we estimated enough kWh savings to produce a rebate of almost a hundred and six thousand dollars,” Herchenroeder said. “That’s a large and substantial key factor in moving forward with a project. Not only are you reducing your energy usage, you’re getting a rebate back, and drastically improving indoor air quality.”

Follow us on social media for the latest updates in B2B!

Latest

Why Restaurants Are Historically Slow at Adopting New Technology
August 8, 2022
  The restaurant industry has historically been slow to shift and adopt new technology. Ben Simmons, Co-founder and COO of Table Needs recalled a meeting in 2012 when a restaurant owner was Read more
mortgage rates broker buyer
As Mortgage Rates Stay Up, Lenders and Brokers Need to Get ‘Creative’
August 7, 2022
Editor's Note: This report was initially conducted after July 14's Freddie Mac weekly average mortgage rates were released. Though the video focuses on those specific averages, the article has been Read more
Netflix advertising screen
Netflix & Microsoft Ad Partnership Will Be a ‘Windfall’ For Advertisers. Here’s Why.
August 6, 2022
Earlier this year during Netflix’s Q1 2022 post-earnings call, CEO Reed Hastings changed his tune around advertising on the streaming service. Once a key selling point as an on-demand ad-free way to Read more