Innovative Financing Approaches that are Expanding the Opportunity for EE Upgrades in the Marketplace
Statistically speaking, adopting efficiency, conservation, and renewable energy improvements in the industrial and commercial building sectors is miserable. According to latest data from the DOE, less than 2% of all buildings have LED lighting and controls, and yet they are considered “low hanging fruit”. Adoption of EE improvements that are capital intensive is worse. In a recent survey of building owners, managers, and operators by FNMT, 94% of those surveyed are looking to reduce energy costs, yet only 2% of the improvements requested are funded. The culprit? Outdated financing options, impossible hurdle/payback thresholds, and not seeking alternative methods. Fortunately, with the right combination of today’s financing, incentives, and technology options, this no longer has to be the case.
During this session, panel members will discuss why most efficiency improvement and renewable energy projects do not move forward and how the trend is changing by first identifying appropriate funding sources like PACE and qualifying incentives, so that most methods utilized to reduce energy costs, including roofs and solar, can achieve ROI’s within 1 to 5 years as needed by the 92% of those surveyed by NFMT.
Utilizing a case study, the panel will discuss how the selection of financing, incentives, technology, and integrated services enabled the owner of a 122,000-square-foot warehouse to replace the roof, install of a 1-megawatt solar system, and achieve a cash-flow-positive position from day one of the project and throughout the entire 25-year funding period.
Scott Ringlein, BSME, MSME President The Energy Alliance Group of North America
Scott Ringlein is the Founder of and Principal at The Energy Alliance Group of North America (EAG). EAG develops and deploys innovative solutions to global energy, waste, and environmental challenges. Scott is also a Technical Advisor to the U.S. Department of Energy and conducts technical reviews of applications for technology innovation & commercialization. Beyond thinking of new ways to help others, Ringlein loves spending time in Michigan’s great outdoors and hanging out with his family and friends, both human and fuzzy. Ringlein holds a B.S. degree in Mechanical Engineering, a M.S. degree in Manufacturing Engineering, and plans to pursue an Executive MBA in Energy.