Making the switch to alternative energy systems can yield significant savings for businesses and organizations. In Massachusetts, buildings using renewable thermal technologies like Air Source Heat Pumps (aka mini splits) may be eligible for a financial reward through alternative energy credits (AECs). The problem is that complicated regulations and burdensome paperwork block many eligible owners from cashing in on this revenue. That’s where Gridwealth comes in.
The team of energy experts at Gridwealth are acutely aware of the confusion the AEC program poses. That’s why they tackle the applications, advocacy, and processing of AECs so their clients can focus on what they do best – running their business or organization. A great example of how this can work to positively impact an organization is Gridwealth’s partnership with Housing Authorities across the Commonwealth.
Through a state grant program, many Housing Authorities installed Air Source Heat Pumps between 2015 and today. Gridwealth reached out to these organizations to let them know that they could be sitting on untapped revenue. The results speak for themselves.
Norton Housing Authority
Thanks to Gridwealth’s outreach and work, Norton Housing Authority boosted their revenue by $74,100 with alternative energy credits – sans regulatory paperwork. After Gridwealth completed the 130 alternative energy credit applications on Norton’s behalf and processed the earned energy certificates, Norton Housing Authority was able to invest their AEC earnings in capital improvements and relief funds for tenants.
Whitman Housing Authority
When Director of Whitman Housing Authority, Eileen Gibson, teamed up with Gridwealth to understand her AEC options, she noted that Gridwealth’s process was one of the “simpler things she completed” to run her housing authority. Given this description, one might be surprised to find that the process included 41 applications for AECs. Gridwealth’s efficiency assisted Whitman in boosting revenue nearly $24,000 – which was put to great use in health and safety upgrades to their low-income properties.
Barre Housing Authority
For Barre Housing Authority, installing and monetizing heat pumps in their apartments paid for updates to their outdoor facilities. The partnership with Gridwealth power took the burden of establishing program eligibility, advocating with the board of supervisors, completing the application, and monetizing the alternative energy credits off of the Barre team, enabling them to focus on their work in public housing.
If you have installed Air Source Heat Pumps after 2015 to heat your entire building or office space, the team at Gridwealth would welcome an opportunity to help you find revenue streams as well.
For more information, contact Gridwealth.