Zero-percent loans have helped 32 New Jersey hospitals upgrade antiquated heating and cooling systems without diverting money from caring for patients, according to an article on the NJ Spotlight website.
A $129 million program by Public Service Electric & Gas has enabled those facilities to reduce their energy bills by updating, renovating and replacing antiquated boilers, lighting and other equipment.
The HackensackUMC Mountainside facility in Montclair recently completed $4.2 million worth of energy efficiency upgrades at the hospital, a move officials say will save the facility $350,000 annually in energy costs, or about $7 million over the 20-year lifespan of the equipment, the article said.
The program has generated about $10 million in savings in the first year, according to Michael Jennings, a spokesman for the utility.
Alleged Ransomware Administrator Extradited from South Korea
Design Plans Unveiled for New Intermountain St. Vincent Regional Hospital
Ground Broken on New Pediatric Health Campus in Dallas
Pre-Construction Strategies for Successful Facilities Projects
Geisinger Finds Success with Violence Prevention Efforts