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

What Managers Miss in Small and Mid-Sized Cooling Units

The assumption is that small cooling units are fine. That assumption is costing facilities more than most owners and managers realize.


Preparing Healthcare Facilities for Cockroach Risks

Here’s what healthcare facilities managers should inspect and address after severe weather to prevent pest problems.


The Medical College of Wisconsin Breaks Ground on Student Housing Complex

The four-story apartment complex will include 266 units of various sizes.


A Shift in Healthcare Facilities Management

Healthcare facilities leaders who embrace a mindset change will be better prepared for the future.


Trauma-Informed Design Transforms Boston Homeless Shelter

Case study: A comprehensive renovation of St. Francis House makes use of trauma-informed design, infrastructure upgrades and operational improvements.


 
 


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.