If you’re responsible for procurement for a commercial property – or for multiple properties – you know the challenges of balancing improved performance in your facility against a tight budget. The demands for a safe, comfortable, efficient and economical work environment keep increasing, even when budgets shrink. The expectations employees have of their workplace grow greater with time. Corporate leadership wants the facility to deliver state-of-the-art performance that increases productivity, but it’s a constant battle to come up with the cash for improvements without impacting the daily operations budget.
Property-Assessed Clean Energy (PACE) funding provides a way to deliver increased facilities performance without sacrificing budget. PACE funding allows you to replace obsolete HVAC equipment with upgraded or newer equipment that actually lowers operating costs.
Not only can you avoid costly repairs on older equipment (that likely will need additional repairs and maintenance down the road), but you’ll also enjoy the benefit of lower utility costs when you upgrade to more efficient systems. On top of that, you’ll provide a better working environment, resulting in increased productivity and higher profits.
How can you make these improvements without tapping into the cash that your company needs for daily operations? PACE funding spreads the cost of a capital improvement (such as a new HVAC system or building automation control systems) over a much longer period of time (the life expectancy of the assets). Another option is deferring the cost of the improvement altogether through a tax assessment that can be passed to the next owner of the building. The combination of tax savings and utilities rebates can reduce the cost of both capital and operating costs.
It’s the best of both worlds: You get the benefits of improved performance and lower utilities costs, and you can achieve these results without negatively impacting the corporate budget.
For more information on PACE funding in your area, click here if your facility is in the Cincinnati area. For information about PACE in Kentucky, click here. You can also get more information here at the National PACE site.
Improving facility performance without breaking the budget just got a lot easier!
