A Case for Energy Efficiency Rebate Program

 If you think it’s hard trying to get a loan from a bank or selling real estate in this economy, try “selling” money. Well, not actually selling money but giving generous rebates and incentives for energy efficiency projects. The sales process is not any easier even when the “product” is cash-back, moolah, money! In these tough economic times, businesses from all levels have pulled back and have become extremely guarded with how they spend their dollars. Accordingly, based on various energy efficiency polls, although public sentiments are aligned with the idea of energy conservation to reduce carbon emissions and to help the environment, many businesses do not plan to implement energy efficiency upgrades because, they can’t afford it.

When the purse strings are tightened, how can the message get across that investing in energy efficiency today only benefits participants in the long haul?  “People naturally think there is a catch but the catch is…there is no catch.  Owners and managers of large office buildings, medium size retail outlets or any other commercial and industrial facilities interested in improving operations, reducing maintenance costs, lowering energy bills and procuring a more sustainable future, can greatly benefit from an energy efficiency rebate program” said David Pospisil, program manager for the Con Edison Commercial & Industrial Energy Efficiency Program.

Many building owners do want to be energy efficient but are very skeptical about “free money” campaigns. And besides, they can’t spare the upfront cost for major upgrades or to replace older equipment at this juncture is a reoccurring sentiment.

The truth of the matter is, under state regulation, many public and municipal utilities are now required to spend money to help businesses reduce energy consumption. Actually reducing energy output may in fact help the utilities save money by preventing future investments in new facilities and or utility infrastructure.  Also, although the upfront cost may be more for these energy efficient upgrades, the investment can offset this in energy savings and lower monthly utility bills. Utility incentives can often make a big difference in one’s bottom line.

Why is Energy Efficiency important in the commercial and industrial sector? Click here to continue.