July 12, 2010

Commercial Savings; Are They Worth It?

With the green energy movement in full effect, it is no wonder that the Connecticut Clean Energy Fund, and the New York State Energy Research and Development Authority have an abundance of commercial financial incentives for using renewable energy. While these incentives are readily available for people to find, the real question is whether or not they are useful and realistic.


In Connecticut, the CCEF has implemented a rebate program for those users of energy efficient equipment during peak energy using hours. Those who save up enough energy during these peak energy consumption times may be eligible for a state rebate of up to 100% of the systems cost.

Connecticut is also running a state rebate program through October of this year that allows consumers purchasing EnergyStar appliances to apply for a rebate for up to 50% of their appliances cost.

New York has also done its part to promote energy efficient utilities to its citizens. The Commercial and Industrial Efficiency Program provides a set rebate for customers who install an efficient energy saving system of a specific size as long as they are not residential consumers. Also, according to the Commercial Energy Efficiency Rebate Program, companies looking to install multiple energy efficient systems in their business can receive up to $10,000 per project upon inspection.

While these incentives may look fantastic on paper, there are some doubts that we and PurePoint have about them. All of the incentives listed do not list many specifications as to when funding is anticipated to dry up, and what the specific qualifications to receive the funding are. Also, while these incentives may cover some costs of these expensive and technologically advanced utilities, there is still a high portion of the total that is not covered which many businesses cannot afford.

No matter what your take on the subject is, none of us can deny that switching from a low energy saving utility to a high saving one is a good investment and decision.


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