Facilities management energy efficiency reimagined to slash costs
Financial Incentives and Cost-Effective Strategies
Governments and utility companies offer various financial incentives to encourage the adoption of energy-efficient practices. These include tax credits, rebates, and grants that can significantly offset the initial costs of energy-efficient upgrades. For example, the U.S. Department of Energy provides funding opportunities for commercial buildings that implement energy-saving measures3. Additionally, companies can explore energy performance contracts (EPCs), where energy service companies (ESCOs) finance and implement energy efficiency projects, with costs covered by the resulting savings.