Capacity is a component of electricity supply (generation) charges that ensures there are enough suppliers of energy to meet the demand on the grid at any given time. Capacity costs can comprise a minimal amount to up to 25% of electricity supply costs. Capacity prices are determined each year by an auction that takes into
The U.S. Department of Agriculture (USDA) Rural Energy for America Program (REAP) assists Ohio farmers and rural small businesses by providing financial support for investing in renewable energy systems and making energy efficiency improvements to reduce their operational costs. REAP recipients are eligible for grants covering up to 50% of costs for qualifying projects. Viridi’s
Viridi can assist businesses in accessing property assessed clean energy (PACE) funds, offering them the opportunity to enjoy project savings, keep debt off their balance sheet, and invest saved capital into non-energy related projects. Property assessed clean energy is a unique tool that balances budget concerns with energy needs. PACE financing allows a property owner
In May, Medina County Economic Development Corporation and Wayne County Economic Development were collectively awarded $100,000 through the USDA’s Rural Energy for America Program (REAP) Technical Assistance Grant (TAG) Program. The intent of the funds is to help businesses complete ASHRAE energy audits and aid in applying for REAP project grants. Viridi, an official partner
What is REAP and How Do I Qualify? The Rural Energy for America Program (REAP) helps agricultural producers and rural small businesses lower their energy costs by providing grants that cover up to 50% of the costs for efficiency and renewable energy projects. If you want to upgrade outdated equipment and save on bills, REAP
A mid-size manufacturer located on Lake Road in Medina contacted Viridi for assistance as they had increasing energy needs and rising utility costs. The process began with an energy audit in early 2023. As part of this audit, a site visit and utility bill analysis were conducted in order to create an energy usage baseline,
The Ohio Commercial Lighting Program by FirstEnergy has seen remarkable success, with all available incentives fully utilized due to the significant interest from businesses in improving their energy efficiency. As of March 21, new project submissions will be placed on a waitlist until further notice. If you're seeking alternative funding sources, don't hesitate to reach
About the Client Located in Wadsworth, Ohio, Clampco Products Inc. is the leading USA manufacturer of engineered joining solutions. Proudly family-owned, Clampco is committed to producing top-quality, American-made products. Industry: Manufacturing Sustainability Solution: LED Lighting Results: 360 fixtures 108,466 kWh reduced annually $17,907 energy costs reduced annually Estimated 11.4 year lifespan for LED bulbs (2.5
In June of last year, FirstEnergy implemented a new incentive program for commercial and industrial customers looking to install LED lighting and controls in their facilities. Applications are due to FirstEnergy no later than May 15, 2024, for both existing buildings and new construction, but applying as soon as possible is recommended as funds are
The Clean Air Improvement Program (CAIP) through the Ohio Air Quality Development Authority (OAQDA) is a resource for businesses of all sizes looking to invest in more energy efficient or renewable energy technologies. The financial benefits of the OAQDA-issued bonds provide applicable tax exemptions--including sales, use and property--for qualified projects. There are several project types
Viridi provides simple and affordable sustainability solutions to organizations who are passionate about driving our economy’s transition to cleaner energy and a healthier planet.
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