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May 4, 2012 -
Power & Communication
This is Casey Laughman, managing editor of Building Operating Management magazine. Today's tip is that energy efficiency rebates are available if you know where to look.
The past few years have been good ones for facility managers who want to use utility incentives to smooth the path to energy upgrades. In 2010, rate-payer funded programs provided $5.5 billion in incentives, according to the American Council for an Energy Efficient Economy. The usual incentive of choice is the rebate. On individual projects, rebates may cover 15 to 20 percent of capital costs.
It can be a major disappointment for facility managers who fail to qualify for rebates they were hoping to get. But in many cases, facility managers have only themselves to blame. There are plenty of reasons that facility managers lose out on rebates, and many have to do with mistakes made in the application process.
To make the most of rebates, facility managers must, first and foremost, pay attention. Specifically, they need to pay attention to when rebates become available, when the paperwork needs to be in and how to dot all their i's and cross all their t's.
Demand-side management programs — a category that includes rebates as well as other utility incentives — have become so popular that utility companies sometimes run out of funds early in the year. That's why it's important to get applications in early. Facility managers can sometimes plan ahead, so that upgrades or new equipment installation coincide with available money from utility companies. For example, some utilities have been offering incentives to replace T12 lamps. This summer, new federal regulations will end the sale or import of most T12 lamps. Once those regulations are in effect, incentives to replace T12 lamps will be obsolete.