September-October 2009

Guides of the New Economy

Increased energy use is in direct conflict with our flagging economy and increased focus on energy efficiency. As a result, many are turning to consultants, in search of sustainable solutions.

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Photo: ©iStock.com/Christopher Hamilton

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By Lori Lovely

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“Energy efficiency touches us all,” believes Deb Harmon, senior vice president for infrastructure at Brown & Caldwell, a full-service environmental engineering and consulting firm in Walnut Creek, CA, whose core clients include water and wastewater utilities and industrial companies. “For us, energy is always a mainstream issue, but now clients are more motivated because of the cost. It’s a smart business move to think more wisely about energy savings, cost savings, and greenhouse gases, but we wonder how long it will last. Will there be a sustained commitment when oil prices drop? The ethics are changing; we’ve reached a tipping point. Money has helped us reach that tipping point, but will we go back or is this the new normal?”

Green by Presidential Dictate

Temporary or the new normal, the fact remains that incentives to “go green” are now in place, and it behooves corporations and organizations to take advantage. More organizations are interested in energy as an independent need in today’s business environment. Harmon believes that interest is directly related to President Barack Obama’s emphasis on green energy and federal and state incentives.

When President Obama signed the American Recovery and Reinvestment Act into law, $42 billion of the $787–billion stimulus bill was allocated for energy efficiency and renewable energy development, with another $21 billion in tax credits.

Specifics of the law dictate:

  • $11 billion in grants to state and local governments for Department of Energy programs, $400 million for competitive grants under the Energy Efficiency and Conservation Block Grants
  • $1 billion each to the Department of the Interior and the Department of Veterans Affairs for energy efficiency projects
  • $300 million in transportation–related grant programs to support state and local government purchases of alternative fuel and advanced technology vehicles
  • $2 billion for facility funding grants to manufacturers of advanced battery and battery system components
  • $250 million for grants for HUD-assisted housing to be used for energy retrofits and green investments
  • $14 billion for electric power transmission grid infrastructure and energy storage development that includes $4.5 billion to the Office of Electricity Delivery and Energy Reliability for grid modernization and electricity storage, and $6 billion in appropriations targeted at leveraging $60 billion in loan guarantees for rapid deployment of renewable energy and electric power transmission

In addition, the law includes several energy tax incentives, such as an extension of the Renewable Energy Electricity Production tax credit through the end of 2012 for wind facilities and through 2013 for other qualifying facilities (open- and closed-loop biomass, geothermal, small irrigation, incremental hydropower, landfill gas, municipal waste, etc.). In lieu of the production credit, a 30% investment tax credit is optional for all eligible facilities placed in service in 2009 and 2010. Grants, worth up to 30% of project cost, are also available in lieu of the production tax credit.

Other incentives include $1.6 billion in Clean Renewable Energy Bonds to finance wind energy, open- and closed-loop biomass, geothermal, small irrigation, incremental hydropower, landfill gas, municipal waste, and marine/hydrokinetic. Another $2.4 billion has been authorized for Energy Conservation Bonds to finance state, municipal, and tribal government programs for reduction for greenhouse gases and green community programs.

The legal mumbo-jumbo can be overwhelming and complicated, which could explain the deluge of inquiries consulting firms are receiving. “The stimulus is bringing more business from municipalities … and more confusion,” states Tom Moore, CEO of Calpwr, San Diego, CA. Explaining that most of the stimulus package is aimed at cities and towns, he’s quick to note that Calpwr does a lot of municipal business involving alternative energy such as biogas and solar power.

Formed in 2000, in anticipation of product and service marketing opportunities emerging from energy deregulation, Calpwr works with municipalities, educational facilities, manufacturers, and commercial entities to provide energy solutions. The stimulus incentives, Moore says, have caused a “big rush to market.”

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However, he claims that the mechanisms to receive stimulus money aren’t in place yet, so because many entities look at the stimulus as a lifeline, several projects have slowed to a crawl while waiting for the funds.

Sifting through the complexities of funding is one of the main reasons consultants can benefit a group interested in energy projects, Moore believes. For instance, he explains that some grants cancel out state-sponsored incentives. “They subtract money if you get other money; it’s a double-dipping clause. We make our money by understanding where the stimulus dollars are.” Next Page >

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