We understand that new construction projects are expensive, so we work with facilities to discover funding opportunities that can reduce or eliminate the installation costs. Here are two types of incentives that facilities can use for their new construction project:
Component-based incentives: Component-based incentives involve funding for individual technologies and equipment. This includes lighting fixtures, occupancy fixtures, motors, and HVAC units. Funding evaluators often determine rebate amounts and claimed savings estimates based on stipulated per-unit estimates.
Performance-based incentives: Performance-based incentives target more complex projects that involve process improvements and overall energy performance. These incentive amounts are typically determined by the expected annual energy or demand impacts, such as per kilowatt-hour, therm, or kilowatt.
In the case of our new construction warehouse client, this would be a component-based incentive opportunity. We’re currently in the proposal stage of our partnership with them, so we don’t have a quote yet for how much they’ll save on their HVAC system installations. But with our years of experience working with new construction projects, there will be a number of opportunities available to them to reduce or eliminate project costs.