Assessing the Value of Rebates and Incentives for Your Sustainability Plan
In our last issue, we talked about why “Where are the best rebates?” is a tricky question. And, because it raises far more questions than it answers, we offered suggestions on how to begin the process of assessing the value of your Company’s energy efficiency projects.
As rebates and incentive programs continue to grow, we are seeing new developments in companies’ energy efficiency efforts. Some organizations are adding resources to manage and further develop their programs. Others are expanding into cleantech and renewables-related technology, such as EV charging stations, landscaping and irrigation, geothermal solutions, etc.
We are also seeing another trend; According to Schneider Electric’s 2019 Corporate Energy & Sustainability Progress Report, every year, companies spend more than $450 billion on energy and sustainability initiatives while 63% of Fortune 100 companies have set clean energy targets. Furthermore, organizations that actively manage for climate change see an average 67% higher return on equity than companies that don’t. And the nearly 80,000 emission-reducing projects reported by 190 Fortune 500 companies in 2016 returned nearly $3.7 billion in savings.
As one food manufacturer states, “Being able to show investment plans and their payback had a larger impact on leadership decision-making than overwhelming them with lots of data about kilowatt hours and carbon output.”
It is this new direction in decision-making that is driving our Rebates and Incentives clients to seek answers on where they can get the most dollars for their energy spend. Our goal is to help our clients better use the data captured in that report to help improve project rebate values and capital offsets, and accelerate both payback and ROI.