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
Regulations Take the Lead in Healthcare Restroom Design
AHN Allegheny Valley Hospital Opens Expanded Inpatient Rehabilitation Unit
HSHS and Lifepoint Rehabilitation Partner on New Inpatient Rehab Hospital in Green Bay
Turning Facility Data Into ROI: Where Healthcare Leaders Should Start
Sutter Health Breaks Ground on Advanced Cancer Center and Care Complex