Florence Bank, a local institution, gave us an ample construction loan that allowed us to stretch our budget to achieve the many efficiency requirements of the pilot program. While the National Grid program gave us an enormous grant, and even a bonus for high performance, we are not likely to see energy paybacks in our lifetime. It is hard to separate the work required due to an extended vacancy of the building, and the work specifically targeted to efficiency, not to mention our own design improvements.
Total Cost of Project
Construction hard cost
Cost per sq ft of conditioned space
Value of Tax Credits for renewable energy systems
Cost breakdown information:
Rebates and Financial Incentives
Do the work when it makes sense to do the work. Construction is expensive, but efficiency can be cheap when the timing aligns with related work.