Can my school use the utility incentive or Bus. Energy Tax Credit in its simple payback calculation?
No. The utility incentive or Business Energy Tax Credit cannot “buy down” the payback by applying those funds to the cost of implementation before calculating the payback. Also note, a school district cannot “buy down” the cost of a project using their own funds (e.g., bond money). The payback of an energy efficiency measure (or package of measures) should be calculated on the measure’s full-cost, before any incentives or BETCs are applied.
No. The utility incentive or Business Energy Tax Credit cannot “buy down” the payback by applying those funds to the cost of implementation before calculating the payback. Also note, a school district cannot “buy down” the cost of a project using their own funds (e.g., bond money). The payback of an energy efficiency measure (or package of measures) should be calculated on the measure’s full-cost, before any incentives or BETCs are applied.
