Many building owners recognize the substantial financial benefits of energy efficiency projects....
0% Loans Will Make Your Building Energy Efficient
What if I offered your building $100,000 a year, free and clear, and it costs you nothing up front? The reality is there are a number of energy efficiency projects you can do in your building that effectively will do this. The challenge is even after rebates, there are still some upfront costs and many buildings can't afford that money.
And that is where a new program from utilities is about to change this game completely by offering zero or low interest loans to buildings across the country.
Energy efficiency projects bring substantial savings
Let me show you in mathematical terms, why this is such a powerful concept.
Building X spends $500,000 a year and wants to install smart heating controls.
Those smart heating controls will save them approximately 20% on their heating bill - $100,000 a year.
The cost of that smart control upfront is $100,000, meaning, over 10 years, you're going to save $1,000,000 for a one time investment of a $100,000.
"These 0%/low interest loans from utilities make big energy efficiency projects affordable."
This is an absolute financial no brainer.
It becomes even more of a no-brainer when your utility company is offering to pay for $50,000 of that upfront cost.
So why wouldn't everybody do this? Well, the answer is sometimes buildings simply don't have that $50,000 available to put up front. This is where low interest loans have such a gigantic impact.
New low interest loans make energy efficiency projects affordable
At 0% interest, which is as low as some of these loans can be sometimes, that $50,000 can now be financed over two years.
Instead of it being $50,000 up front for the building, the financed payment comes out to less than $2,100 a month.
If you're going to save a $100,000 a year, that's about $8,000 a month in energy savings.
That means on day one, you're making net about $6,000 a month in profit.
This is a transformative offer, and it's something that utility companies are literally rolling out right now.
Check if your building is eligible for the rebates that unlock 0% financing
So how do you take advantage of this? Well, the first thing is, you need to see if there are rebates available for your building and if your building is eligible for these low or 0% interest loans.
To make this as easy as possible, we put together a tool to figure this out for your building. All you have to do is fill out this form below.
We'll reply back with the results that show if your building is eligible for not only utility rebates, but also for 0% interest loans for smart controls.
With 30% to 40% percent of carbon emissions in every city coming from how buildings operate, we need to make it as accessible as possible to make improvements to buildings that cut their carbon emissions.
The real beauty of these low interest loans is that it's not about savings and energy efficiency in the long term, it's about making your building carbon friendly and budget friendly starting today.