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A capital campaign can raise money for the design, construction, or renovation of a green building. There are additional funding solutions available for energy modeling, commissioning and the purchase of machinery, equipment, furniture, fixtures, or any physical asset. Securing funding for a green building project is accomplished by:
- Increasing project credibility through partnerships and affiliations
- Increasing project visibility through public relation activities
- Increasing fundability by leveraging external and pledged resources
Building green is a source of community pride and a reflection of our nations desire to be energy independent. The uniqueness of a green building attracts donors, visitors, tenants, and the media. Increased Visibility = Increased Fundability.
Green Ideas can develop a Capital Campaign for your business or association which includes:
- Providing guidance and advice regarding applicable and appropriate financial tax incentives, grants, and donor funding available
- Assembly and submittal of the summary of your green building project and the necessary documentation required by the terms and conditions of the proposed funding or grant application
- Providing a resource to educate and inspire the community regarding importance of energy savings and environmental benefits of a green building in order solicit donor funding for your construction project
Funding Sources for Green Building Projects
There are several sources of funding available for green building projects. The most important thing to remember is to match the resources available with the needs of the project. Most commercial businesses, government, and non-profit organizations want to take advantage of the financial and environmental benefits that result from providing a building that is energy and water efficient. Improved waste management, indoor environmental quality, and erosion and sedimentation control are also benefits. A capital campaign can make it possible to secure funds for new energy efficient construction or facility improvements by including any combination of the following funding sources:
- Federal Resources such as Department of Energy and Environmental Protection Agency
- State Resources include, but not limited to, State Energy Offices, Departments of Environmental Quality, Departments of Waster Resources, and University Energy Resource Centers
- City and County Resources - Reduced or waived permitting fees and grants
- Corporate Material Donations - Donations or discounts from manufacturers
of sustainable/green building equipment and products
- Corporate Grants - Grant and cash support from corporate entities, including utilities
- Private Foundation Grants - Foundations have been established to increase the number of renewable energy, energy efficient, and pollution prevention projects implemented for the benefit of the public
- Federal and State Tax Credits -The Energy Policy Act of 2005 (Energy Bill) provides tax credits for energy improvements such as; insulation, doors, roofs, windows, and heating and cooling equipment. This Energy Bill outlines $14 billion in tax incentives to encourage energy efficiency in both new and existing buildings and to increase the application of renewable energy sources
- Energy Savings Performance Contracts and Renewable Energy Credits – Money saved on future energy and operating costs can be used to pay for construction or building improvements. Funds saved from utility payments are redirected to purchase mechanical systems and pay for energy related construction expenses
Contact us to review the potential funding sources available for your project and begin development of your capital campaign!
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