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From TIP Capital
TIP Capital and ecoInsight have aligned their resources to present building owners with a competitive financing alternative to upgrade their properties to the latest energy efficient lighting technology while reducing their monthly utility costs.
More than $1.6 billion in energy retrofit upgrades occurred last year through financing versus a straight cash sale, said Sean McCloskey, CEO of ecoInsight. “TIP Capital’s flexible financing program was integrated into our mobile application to fulfill the growing demand in the marketplace and provide an efficient energy auditing and quoting tool for energy professionals to present budget-friendly upgrades to building owners.”
“Our iPad-to-cloud solution allows building sales professionals to efficiently conduct electrical and lighting audits, develop energy efficiency recommendations and generate financially-driven energy upgrade proposals,” he added. “Now, with our partnership with TIP Capital, our users also can generate a professional financing proposal and credit application for their customer.”
“Our main goal was to make it easy for our users to estimate financing payments and the associated impact on the cash flows of the energy upgrade project. Now, with a few clicks of the mouse, users are able to offer their customers an alternative to a large upfront ‘cash’ sale.”
“With access to this easy-to-use integrated financing solution and the obvious need in the energy efficiency market, ecoInsight and TIP Capital provide a competitive program to satisfy all parties involved – especially the project owner,” said Ross Reida, Vice President, National Accounts, TIP Capital Specialty Markets Group. “We believe this partnership will provide both energy professionals and building owners with an easy-to-use, affordable financing alternative that helps overcome budgetary constraints.”
By David Pospisil, Program Manager of Con Edison’s Commercial & Industrial Energy Efficiency Program
With summer upon us, now is the time for businesses to take steps to save energy before the temperature rises. Upgrading to high-efficiency cooling equipment and lighting are two ways businesses can use less energy and improve comfort this summer. Here are some specific tips to stay cool, save energy and keep energy costs under control.
- Upgrade air conditioning equipment with properly sized units that have a high energy efficiency ratio (EER)
- Replace old motors with properly sized premium efficiency motors that operate at a lower annual cost
- Install variable frequency drives (VFDs) on large motor loads to further reduce energy usage
- Upgrade old chillers with new, energy-efficient units
- Install an energy management system (EMS) that uses temperature set points and operating schedules to optimize climate control
Lighting & Lighting Controls
- Replace fluorescent lights that use magnetic ballasts with more efficient models using electronic ballasts
- Install automatic, occupancy sensor room-lighting controls to turn lights on or off depending on occupancy or time of day
- Change out incandescent or fluorescent exit signs with LED exit signs
- Turn off or dim electric lighting when adequate sunlight is available to illuminate interior space
If you’re planning on improving your building’s energy performance this summer, check to see what funding may be available in your area. In New York City and Westchester County, for example, commercial and industrial customers with a Con Edison electric or natural gas account may be eligible for the following incentives from Con Edison’s Commercial and Industrial Energy Efficiency Program:
- Payment of up to 50% of costs, with a cap of $67,000, for a Level 3 energy audit
- Rebates for high-efficiency electric and gas equipment including lighting fixtures and LED exit signs, packaged heating, ventilation and air-conditioning systems, motors, chillers, and water and steam boilers
- Performance-based custom incentives for installing high-efficiency equipment or energy-saving solutions not eligible for equipment rebates
The Con Edison Green Team has an energy efficiency program available for almost every customer. To learn which program is right for you, call the Green Team at 1-877-860-6118 or visit www.conEd.com/greenteam.
David Pospisil is Program Manager of Con Edison’s Commercial & Industrial Energy Efficiency Program, New York, N.Y. You can join the discussion on LinkedIn (Con-Edison-Commercial-Industrial), Facebook (ConEd Green Team C&I), Twitter (ConEd Green Team C&I) and YouTube (ConEd Green Team C&I).