At GreenTech, we recognize that upgrading your facility’s lighting, mechanical, water, and other systems can represent a significant investment up front. That is why we offer expert financial services: we help you take advantage of reduced taxes, government and utility company incentives, energy rebates, and more in order for you to raise the necessary capital fast and begin enjoying a return on your investment as soon as possible.
Energy Rebates and Incentives
We have the experience and expertise to help you obtain all available energy-efficiency rebates and incentives offered by your utility providers, as well as local, state, and federal government funds. These rebates and incentives can, in many cases, be leveraged to help subsidize your power management, lighting, mechanical, alternative energy, and water system upgrades.
How do I know if I am opted-in for the rebate program through my utility?
With some discussion we can help determine if you are opted-in, or you can check with your utility provider. If you are currently opted-out, we would then assist in determining if the rebates you would receive would make financial since for you to opt-in with your utility provider.
Duke Energy Progress: Energy Efficiency For Business (EEB) Incentive Program
Whether you are upgrading an existing facility or breaking ground on a new one, the Energy Efficiency for Business Program from Duke Energy Progress can help offset up-front costs, shorten payback time, and increase overall energy savings.
Duke Energy Progress Prescriptive Incentives:
View the current EEB program overview and summary of available incentives
View a comprehensive list of all standard EEB incentives
Duke Energy: Smart $aver Incentive Program
Through this program, businesses can receive cash for installing high-efficiency lighting, HVAC, pumps, and other qualifying equipment. Upgrading to energy efficient equipment enables your business to improve its bottom line by reducing energy consumption. GreenTech can find out how the Smart $aver incentives will lower the costs associated with these upgrades.
High-efficiency equipment that falls outside of the scope of Duke Energy and Duke Energy Progress’ standard prescriptive offers may still be eligible for incentives. GreenTech will determine all the variables to maximize the rebates available for the scope of your project.
Dominion Virginia Power: Non-Residential Lighting Systems and Controls Rebate
By upgrading your existing lighting or installing new energy efficient lighting and controls, you can be eligible to receive a rebate from Dominion. Technologies include: T8s, T5s, CFLs, LEDs, and occupancy sensors.
USDA REAP Grant
The Rural Energy for America Program (REAP) Grant provides funding for small rural businesses, with less than 500 employees, to purchase or install renewable energy systems or make energy efficiency improvements. In order to be eligible for the grant, which funds up to 25% of total eligible project cost, your business must be in an eligible area. Businesses must be in areas other than a city or town with a population greater than 50,000 inhabitants and the urbanized area of that city or town. The REAP grant is only awarded two times a year. GreenTech makes the application process simple. Contact us to ensure you can get into the next grant cycle.
Cost-effective leasing opportunities are available for certain lighting products and fixtures we provide. This enables you to spread out your initial investment over time and use the money you save on utility costs to pay for your new lighting and other efficiency projects. Most enjoy immediate savings by minimizing initial capital investment. This allows companies to make purchasing decisions on operational budgets rather than capital budgets.
How is the financial plan designed?
The financial plan is designed to coincide with the expected payback period where the monthly cost savings exceeds the monthly cost of your new system, meaning most of our clients should immediately experience a cash flow positive scenario.
What if I want to pay off the lease early?
You can pay off your leasing term without occurring any penalties. No fees will incur if you choose to pay off your financing early, you won’t even have to pay future interest charges. This allows companies to truly have early pay off freedom!
Our financial experts are capable of performing cost segregation studies, which are IRS-approved accounting practices that reduce your tax liability and increase your cash flow. Cost segregation is an effective way of helping you find the capital needed to upgrade your facility’s systems and reduce your utility costs.