Incentives for renewable energy sources like solar are nothing new, but now as public and private sectors converge in support of energy efficiency, state and local governments are broadening their investments for a modern (smarter) grid. As governments continue to prioritize funding for energy projects, businesses can take part in various programs creating a win-win solution for both parties: reduced costs and reduced emissions. One popular class of energy efficiency is promoting commercial building optimization through energy management.
Energy management can be pursued in many ways, but any effective program will enable operators and managers to quickly and efficiently make energy changes without much effort or impact to on-going operations. When most commercial energy customers get a bill, they see their energy use and demand for the entire building. However, this gives little insight into how the energy is being used, how efficiently equipment is operating, or when something being left on unnecessarily. In order to intelligently reduce energy consumption, a building manager must first discern what is occurring within the building in real-time. Imagine that the total energy profile of a building is now broken down to individual pieces of equipment. Asset-level metering, also called submetering, uses sensors to collect energy data at the equipment-level for HVAC units, lighting, refrigeration, etc. This submetering data paired with powerful software and tools can give building managers the visibility, in real-time, to optimize their facilities, cut costs and reduce energy consumption.
New York is a leader in the promotion of clean energy and efficiency programs. In 2014, Governor Cuomo launched a new energy policy, Reforming the Energy Vision (REV), with aggressive goals of reducing greenhouse gas emissions and increasing renewable energy sources. As a part of this new policy the New York State Energy Research and Development Authority (NYSERDA) was formed to advance and promote energy efficiency solutions in ways that improve New York’s economy and environment.
NYSERDA’s Real Time Energy Management (RTEM) program offers New York businesses that implement approved submetering systems 30% off the solution’s costs for the next five years. Energy management solutions provide a compelling business case in almost any environment and a 30% cost reduction through the RTEM program will empower building owners and operators with an opportunity to implement energy management technology rapidly and at scale. As a RTEM-approved vendor, GridPoint can deliver these incentives directly to any customer purchasing their solution for a qualified commercial building in New York. Buildings can include retail or restaurant locations, industrial complexes, educational institutions, public or government buildings, and more.
For more information on the program visit www.GridPoint.com/NYSERDA or fill out the form below and a member of our team will reach out to you.
SVP, Sales and Business Development