Despite the potential benefits,funding up-front capital for healthcare energy-efficiency projects when budgets are tight can be difficult, according to an article on the Health Facilities Management website.
There are a variety of financing mechanisms that hospitals can consider in this situation.
The American Council for an Energy-Efficient Economy, Health Care Without Harm and Practice Greenhealth issued a paper called “Energy Efficiency Financing for Hospitals: A Discussion of Both Tried-and-True and New Opportunities.”
The paper discusses four financing options that are available to hospitals including:
• Self-financing, leveraging utility incentives and revolving funds
•Energy service companies
•Commercial property-assessed clean energy programs (C-PACE)
•On-bill financing and on-bill repayment programs
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