Deadline extended for the expenditure of remaining funds available through GreenerMass, a program offering capital for energy-efficiency projects requiring no up-front costs to institutions
GreenerU is offering an extension of the deadline for the expenditure of remaining funds available through GreenerMass, a program offering capital for energy-efficiency projects requiring no up-front costs to institutions.
With the deadline for funds expenditure extended to June 19, 2022, roughly $600,000 in funding remains to assist nonprofit institutions across Massachusetts—including private colleges and universities, independent schools, arts and culture spaces, healthcare facilities, and other nonprofits—in upgrading, modernizing, and improving energy systems within their buildings.
Under the GreenerMass program, participants pay only for verified savings following efficiency improvements. Common projects include LED lighting upgrades, controls, and building automation.
Examples of recent GreenerMass project participants include:
Contact GreenerU now to find out whether your institution is eligible for GreenerMass.
Following a successful pilot program that began in 2013, GreenerU initiated GreenerMass, an efficiency-as-a-service program aimed at accelerating the adoption of energy-efficiency measures in private schools, community health centers, and other nonprofits across Massachusetts. This project was made possible by the support of Massachusetts Development Finance Agency.
Such entities in the Commonwealth are invited to take advantage of this opportunity to make energy-efficiency improvements to their facilities with no upfront cost. Program participants pay only a portion of the verified delivered energy savings over a performance period of seven years.
After the performance period, the participating institution keeps 100% of the savings. Not only do participating institutions see positive cash flow throughout the project lifecycle; they will get that cash flow with no risk of a savings shortfall. If savings are less than anticipated, participants pay less.
Past program participants are saving upwards of $100,000 annually on energy costs following the payback period. To find out if your institution is eligible, contact us.
A range of energy-efficiency projects can be implemented under GreenerMass. Some recent projects include installing efficient LED lighting, occupancy sensors and controls, building automation system improvements, boiler economizers, laboratory efficiency measures, and more.
Participating institutions are expected to continue seeing significant cost savings resulting from reduced energy use well beyond the seven-year performative and payment period of the program.
If you are interested in learning whether your institution is eligible for energy-efficiency funding through the GreenerMass program, contact GreenerU today.