Onsite Power Purchase Agreements
This is a repost of an great article By Lindsay Audin from June 2008 -Editor In an effort to reduce greenhouse gas (GHG) emissions and give their organizations some green credibility, many facility executives are incorporating on- site renewable or high-efficiency sources of power into their operations. Federal income tax credits (available until the end of 2008) and state and utility-sponsored rebates, grants or low-interest loans are lowering the net cost for such on-site systems. Many facility executive are also purchasing renewable energy credits (RECs) or carbon offsets (also called Verified Emission Reductions, or VERs) that pay others to produce renewable energy elsewhere. Together, these processes help to minimize an organization’s carbon footprint. Financial incentives and novel contractual arrangements are opening new doors to such options, but finding the right paths may still be a challenge. With the major presidential candidates supporting some form of carbon regulation, m...