Energy Efficiency Upgrades Tag

Vanguard Building Solutions / Posts tagged "Energy Efficiency Upgrades"

Exploring Innovative Financing Models to Fuel Energy Infrastructure Modernization

Across the United States., there is a push to modernize infrastructure for efficiency and resiliency. In New York City, the need to refurbish and rebuild aging energy systems and transportation networks is evident. New York City is America’s most densely populated city and a nexus of technology, finance, healthcare, media, education, and more. As a result, everything in New York City is highly scrutinized in the U.S. and around the world. As the city has grappled with the consequences of climate change and extreme weather events, it has shown leadership creating a path for a more energy-efficient and carbon-neutral future. The Climate Leadership and Community Protection Act (Climate Act) of 2019 was a landmark measure for setting a path to slow the impact of climate change. 

Many companies, facilities, and organizations want to modernize and update energy installations for efficiency and sustainability. However, many lack the financial resources for the large capital outlays required to fund these projects. But there are alternatives to traditional financial approaches, such as debt and leasing. Energy-as-a-service or energy service agreements are innovative new models, allowing organizations more freedom to pursue these projects now. Keep reading below as we explore these flexible funding models for energy modernization projects. 

Modernizing Building Infrastructure for the Environmental Realities of the 21st Century

The passage of the long-overdue national infrastructure bill shone a light on the advanced age and desperate need to modernize the infrastructure in the United States. In addition to discussions of modernizing bridges, tunnels, subways, and ports, New York is aiming to decarbonize and combat the effects of climate change through a raft of programs and laws designed to drive energy efficiency. New York’s Climate Leadership and Community Protection Act (Climate Act) of 2019 enacted sweeping legislation to set aggressive goals for reducing carbon emissions and slowing the impact of climate change. But what does that mean for your New York City multifamily building?

If your building dates from the 1960s and 1970s or earlier, you are dealing with the effects of aging, inefficient infrastructure. Building electrification for systems like HVAC and domestic hot water (DHW) is a highly incentivized way to improve the comfort of your tenants and help build a more sustainable energy future for your community. Learn more about building electrification options for modernizing your New York building below.