10/01/2013

3 Roadblocks to Funding Energy Projects

What will it take to get your efficiency project approved?

 

Proposal origin, unclear paybacks, and lack of third-party financing can deter an energy project from getting a green light, finds a survey of close to 500 energy professionals.

Trying to make an energy efficiency project a reality? Beware of funding issues that can thwart your intentions.

Noesis Energy, a provider of energy management solutions, surveyed over 470 energy professionals to identify common reasons a project proposal is rejected.

Nearly half of the energy projects proposed by energy managers and consultants, which include efficiency and distributed generation, were valued between $50,000 and $250,000.

But not all of these projects came to fruition. Here are three considerations that can impact project approval:

  1. Who proposes a project can make a difference. Energy managers have good completion rates, with 36% securing approval for half or more of their projects and 75% getting approval for at least one in four projects. Consultants do not fare as well despite originating more proposals – 50% report that fewer than one in four of their projects gets a green light.
  2. Unclear paybacks remain unaddressed. More than half the time, “not budgeted” is the reason energy projects do not get internal approval. One-quarter of the projects are also derailed by a “lack of certainty” of their estimated savings.
  3. Third-party financing wasn’t considered. Funding options such as leases or energy savings agreements (ESAs) are often not included in the proposal. Only 10% of consultants account for financing all of the time and 43% never include it. Over two-thirds of consultants claim that they don’t know enough about financing options or don’t have the time to research and find them. In turn, 60% of energy managers do not consider financing in their proposals because they aim to fund projects internally.
 


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Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.

 

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Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

 

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.

 

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