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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.”
From Onset Computer
The Vermont Community Foundation (VCF) is a tax-exempt public charity based in Middlebury, Vermont. The VCF oversees 600 funds and ranks among the top 10% of community foundations in the country. It manages more than $154 million in assets and awards $10.5 million in grants annually.
With its eye on the future, the VCF is developing a plan to decrease its carbon footprint as part of an investment in environmental stewardship. Already, a portion of the energy the organization consumes is produced from bio waste, plus staff members recycle food scraps and other organic material in their very own vermicomposting system.
The VCF is housed in a three-story, 9,000 square foot facility that generates $25,000 in utility bills each year. Three dollars per square foot is a high price to pay, especially considering that the HVAC system is relatively new. Because Middlebury offers no natural gas utility services, the building’s closed-loop water-source heat pump system is fueled by more expensive energy sources: electricity and propane. The VCF calculates it will spend $465,000 in total energy costs over the next fifteen years, based on a conservative 3% per year price increase.
To get a handle on building energy use, the VCF called in Kilawatt Technologies, a leading energy management consulting firm based in Shelburne, Vermont. The goals were clear: determine which energy-saving equipment best fits the needs of the facility, and calculate the potential return-on-investment of the new equipment.
To achieve these goals, Kilawatt Technologies employed a data-driven approach, deploying a variety of portable data loggers throughout the facility. Energy consumption data were collected over a three-week period, resulting in more than 250,000 measurements, including temperature, relative humidity, CO2 levels, motor run times, and electricity usage. Four types of temperature readings were collected: zone temperatures, heat pump discharged air, boiler, and main heat pump loop-heat injection.
“The data loggers we used made it possible for us to collect large quantities of diverse data in a short amount of time,” says Steven Antinozzi, Chief Operations Officer at Kilawatt. “Fortunately, the devices come at a reasonable cost, making our data-driven tactics possible.”
Antinozzi and his team used a variety of deployment techniques that depended on installation locations and available surfaces. For example, they attached Onset HOBO® UX90 Motor On/Off data loggers directly to loop motors using the loggers’ integrated rare-earth magnets. For this deployment, they did not need a current transformer, since turning on the motor creates a magnetic field. Monitoring this magnetic field determined on/off cycles and run times.
To log zone temperatures, the engineers attached additional HOBO U12 loggers discreetly in office areas. They attached data loggers to metal ceiling vents with the self-adhesive magnetized rubber strips that came with the devices. Engineers set these data loggers to record every fifteen minutes to monitor realized temperatures and setbacks.
After charting and studying temperature data, Kilawatt engineers learned that the boiler fires at full power when outdoor ambient temperatures are as high as 60°F. Furthermore, amperage data led to the discovery that the cooling tower runs during the same time intervals as the boiler. This was understood to be due to the loop overheating. The data also showed that:
- Heat pumps and circulation pumps run during nights and weekends when the facility is unoccupied.
- Temperatures in office areas do not coincide with thermostat settings.
- CO2 spikes when the building is occupied, indicating poor ventilation.
- Loop motors, the facility’s largest point load, run during nights and weekends when the building is unoccupied. These 2-horsepower motors consume 13,000 kilowatt hours per year.
- Heat migration from the boiler is substantial enough to heat the facility.