Wind-resistant financing for hospital integrated energy storage cabinet

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4 FAQs about Wind-resistant financing for hospital integrated energy storage cabinet

What is a hospital energy fact sheet?

This fact sheet, developed by the U.S. Department of Energy’s Hospital Energy Alliance, assists hospital facility owners, designers, and operators in developing cost-effective renewable energy projects. It offers benefits such as reduced energy costs, enhanced reputation, and assistance in achieving green building certification.

Should healthcare organizations use external financing for energy projects?

Healthcare organizations with limited budgets for energy projects can consider using external financing options, such as Energy Savings Performance Contracting (ESPC), to cover the initial cost of project implementation.

Can a healthcare facility use debt or loan financing?

Healthcare facilities can use debt or loan financing to purchase energy equipment or pay for the costs of an ESPC. Other financing options like Commercial PACE, Efficiency-as-a-service, on-bill financing/repayment, and power purchase agreements are also applicable to the healthcare sector but have had limited uptake so far.

Why should hospitals use renewable energy?

Hospitals can use renewable energy to reduce energy costs and hedge against price increases (see box at left). Their commitment to using renewables sets them apart from their peers and demonstrates leadership in community health and environmental stewardship.