ERIC Number: ED246723
Record Type: RIE
Publication Date: 1984-May
Reference Count: 0
State Policy Initiatives for Financing Energy Efficiency in Public Buildings.
Business Officer, p26-32 May 1984
Alternative financing methods (other than state financing) for developing cost-effective energy efficiency projects are discussed. It is suggested that by properly financing energy efficiency investments, state campuses can generate immediate positive cash savings. The following eight initiatives for maximizing energy savings potential are addressed: assess the energy savings potential in all public buildings; commit to funding all projects that are cost effective; propose energy efficiency projects separately for capital budgeting; lift the capital ceiling on energy projects by demonstrating access to external capital; confirm or authorize the contractual ability of state institutions to use alternative financing; develop procurement procedures for using alternative financing; designate a budget line for alternative finance payments; and create a new energy budgeting system to stimulate efficiency. Components of an energy budgeting system are as follows: budgeting in energy units, budgeting over a 5-year period; calculating energy savings and converting into cost savings, and developing a schedule for distribution of savings. Finally, the following financial options are discussed: tax-exempt bonds, municipal leasing, shared savings contracting, and third-party financing. (SW)
Descriptors: Budgeting, Capital, College Buildings, Cost Effectiveness, Energy Conservation, Facility Improvement, Financial Support, Higher Education, Public Policy, School Funds, State Action, State Colleges
National Association of College and University Business Officers. 1110 Vermont Avenue NW Suite 800, Washington, DC 20005. Tel: 800-462-4916; Tel: 202-861-2500; Fax: 202-861-2583; Web site: http://www.nacubo.org
Publication Type: Opinion Papers; Journal Articles
Education Level: N/A
Authoring Institution: National Association of College and University Business Officers, Washington, DC.
Note: A paper from the Energy Task Force series on "Financing Planning for Energy Efficency Investments".