Locally and nationally, there are robust energy efficiency resources and programs available to fund your improvement projects. As part of every audit or project, Green EconoME thinks creatively and always proposes the best available financing, rebate, and incentive programs in order to bring the net cost of your project down.
Utility Incentives
We are Trade Ally partners, in good standing, with LADWP, Southern California Edison, and SoCalGas. In addition to utility-sponsored energy efficiency incentives, we leverage SoCalREN and similar efficiency programs sponsored by the county on their CLIP and CPP Incentive Programs. We have received over $615,000 in incentives for our clients from these programs. We are well-equipped to handle the application, pre-inspection, and post-inspection requirements of these programs.
If you are considering any of these measures...there are incentives available
- Zero Carbon New Construction
- EV Charging Stations
- Solar / Battery Storage
- Equipment Retrofits
- Lighting Retrofits
- Multifamily Whole Building Retrofits
- Multifamily Common Area Retrofits
PACE Financing
PACE financing (Property Assessed Clean Energy) enables property owners to defer the cost of efficiency upgrades (and some new construction) by using private funding as a type of loan which is then paid through the property tax bill over a set term length. PACE financing is legislated by the state or municipality. Green EconoME can help qualify program participation in your area and facilitate enrollment.
Tax Strategy
Leveraging tax benefits targeted at efficiency projects can literally put money back in your pocket. Cost Segregation and Energy Policy Act (EPAct) 179D Tax Deductions are immediate tax deductions you can take on new construction or existing building retrofits. These tax strategies can be applied retroactively based on specific allowances. Green EconoME can work with your accounting or CPA to make sure every last dollar is captured.
Cost Segregation is an IRS approved tax strategy that allows property owners immediate tax deductions based on the identification and reclassification of certain interior and exterior building elements and improvements. Any real estate structure purchased or constructed since 1986 can qualify for cost segregation savings.
179D Commercial Buildings Energy-Efficiency Tax Deduction is an IRS code that enables owners to claim a tax deduction for installing qualifying lighting, HVAC and hot water systems that reduce energy and power cost from 10-50% or more when compared to the minimum requirement set by ASHRAE standard 90.1. The 179D tax deduction is a permanent program that applies to commercial, industrial and multifamily buildings (4+ stories). Qualifying projects include new construction and retrofits, starting as early as 2005 and completed by 2013.
