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

Building Around Care: Lessons in Modernizing Active Healthcare Environments

The challenge is how to modernize a healthcare facility while patients continue receiving care and physicians, nurses and staff continue providing it.


St. Luke's Heart Hospital Opens at Anderson Campus in Pennsylvania

The five-story, approximately 355,000-square-foot facility is seamlessly integrated into St. Luke's Anderson Campus.


WindRose Health Network Ensnared in Vendor Data Breach

The incident involved a previously undisclosed vulnerability in a remote-management tool that is used by one of its vendors.


How Efficiency Checklists Help Hospitals Save Energy, Water and Money

Keith Edgerton explains how a simple, systematic tool can help healthcare facilities identify savings, support sustainability goals and reinvest in long-term decarbonization.


Intermountain Healthcare Receives $50M Gift for Standalone Children's Hospital

To honor the family's gift, Intermountain Health will name the inpatient tower the Larry & Heidi Canarelli Inpatient Tower.


 
 


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.