General Finances

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 $388,500
Construction hard cost $385,000
Cost per sq ft of conditioned space $108.00
Value of Tax Credits for renewable energy systems

Rebates and Financial Incentives

Utility incentives

60,000 Grant
3,000 Bonus



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.