Healthcare facilities find new funding sources for infrastructure upgrades

Federal tax programs and many state and local incentives are available


Federal tax programs and many state and local incentives are available to help healthcare facilities upgrade their energy infrastructure and develop systems independent of the electric grid or back-up generators, according to an article the FaciitiesNet website.

U.S. hospitals spend nearly $5 billion annually on energy and related costs. Most main hospital buildings in the U.S. are more than 20 years old so a significant portion of that spending could be curbed through improvements in energy use, the article said.

Some facilities are using Power Purchase Agreements (PPAs) to fund infrastructure improvements with little-to-no upfront costs. A PPA also allows the institution to purchase electricity and/or thermal power from the PPA provider and through these payments, the hospital is also paying off a portion of the cost of a new system.  

There also is a range of incentives encouraging healthcare facilities to install combined heat and power (CHP) technologies, which offer reliable off-grid power during major disruptions.

Read the article.

 



July 2, 2015


Topic Area: Energy and Power


Recent Posts

The HVAC Dilemma: To Repair or Replace?

Healthcare facilities that keep repairing and optimizing aging systems past their useful life spend money on a problem they cannot solve without capital investment.


Department of Veterans Affairs Signs Lease for Community-Based Outpatient Clinic in Kentucky

Construction and facility preparation are expected to be completed by the winter of 2027, and the first patient should be seen by spring 2028.


Cameron Regional Medical Center Falls Victim to Ransomware Attack

CRMC is not currently aware of any evidence to suggest that any information has been fraudulently misused.


3 Pillars of Stronger Cybersecurity in Healthcare

These strategies can help healthcare facilities stay ahead of evolving cyber threats.


Meridian Acquires Medical Office Building in Pasadena, CA

The property was acquired for approximately $13.35 million.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

 
 
 
 

Healthcare Facilities Today membership includes free email newsletters from our facility-industry brands.

Facebook   Twitter   LinkedIn   Posts

Copyright © 2023 TradePress. All rights reserved.