A new Michigan law allows local governments to fund energy conservation projects with Tax-Exempt Lease Purchase (TELP) plans.
TELPs are not considered debt for local governments, making energy performance contracts that are paid back through annual energy and operational savings more attractive.
“TELP funding will unlock significant energy efficiency and job growth potential, contributing to Michigan’s fiscal and environmental sustainability,” said Daniel Mack, senior account executive, Johnson Controls, who has developed self-funded energy performance contracts for more than 17 years. “TELP funding has been used all across the nation and will be an important funding option in helping Michigan municipalities save energy and upgrade critical infrastructure without upfront capital.”
Related Stories
Energy | Jan 14, 2021
Shift your energy to carbon
Now is the right and necessary time for the commercial real estate industry to shift its environmental strategy from just energy, a carbon contributor, to carbon itself.
Energy | Sep 24, 2020
AIA releases latest 2030 Commitment results
Revamped data collection platform to launch next month.
Multifamily Housing | Jun 23, 2020
11 tips on how to install EV charging stations in multifamily housing
A top sustainability expert gives the whys and wherefores of installing electric vehicle charging posts in your next multifamily enterprise.
Mixed-Use | Apr 7, 2019
Chicago-area joint venture antes up $1 billion for Opportunity Zone development investment
Decennial Group says it’s looking at 250 potential projects, primarily in America’s heartland and rural areas.
Energy | Nov 16, 2018
2018 Energy Efficiency Indicator survey: More than half of global organizations plan to increase energy efficiency spending in next 12 months
The survey of nearly 2,000 facility and energy management executives from 20 countries found that 57% of organizations in the United States and 59% of global organizations plan to increase investment in energy efficiency in the next year.
Energy | Aug 6, 2018
Will California lead the way to energy independence?
The architecture, engineering, and construction industry will have to make major adjustments in the years ahead now that many state, city and local governments are getting serious about creating a carbon neutral buildings sector.
Sustainability | Apr 9, 2018
Planning for 100: Looking beyond the horizon of zero-net-energy buildings
Imagine a future where buildings and infrastructure are 100% utilized and 100% responsive.
University Buildings | Mar 14, 2018
Harvard’s District Energy Facility showcases a new infrastructure typology
The building is currently under construction.
Energy | Jan 12, 2018
Putting wastewater to work: America’s next great energy source
As much as 40 to 50% of a building’s energy literally goes down the drain every day.
