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

Containing Candida Auris Across the Care Continuum

Containment becomes achievable, sustainable and far more effective for facilities that follow the same precautions, disinfectant standards and equipment rules.


Early Entry: Manager's Critical Role in Construction Planning

Facilities managers should seek a seat at the table early to shape decisions that affect operations and continuity of care from the onset.


OhioHealth Van Wert Hospital Earns Critical Access Hospital Designation

The program was established to help rural hospitals maintain local access to care by providing additional flexibility through a cost-based Medicare reimbursement model.


Designing a Home Away from Home

Ronald McDonald House Atlanta balances the familiarity of home with the demands of a high-use facility serving families of children receiving medical care.


Stephens County Hospital Becoming Part of Wellstar Health System

The transaction is expected to be completed toward the end of 2026, pending the conclusion of regulatory approvals.


 
 


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.