Financial Resources to Help You Enhance Your HVAC and Mechanical Services Upgrade Budget
Discover funding solutions for your building’s equipment replacement or improvement projects.
The team at Campbell Mechanical has compiled potential resources available for financing, funding, rebates, or grants to support commercial building improvement projects.
When it is time to begin planning for an upgrade to your building’s HVAC, mechanical systems, building controls, or building automation system, let’s start a conversation.
Funding or rebates for commercial building improvements in the areas of energy efficiency and indoor air quality are often available through various government programs, utility companies, equipment manufacturers, and even mission-driven nonprofit organizations. Other financial support may come in the way of tax rebates, energy credits, or depreciation.
Our team continually monitors the range of financing and funding opportunities available at the federal, state, and regional levels so we can help guide our customers. Contact us to discuss your building needs and financing objectives.
Types of Funding
For commercial and industrial building owners, operators, and managers funding opportunities for HVAC, mechanical system, and energy efficiency upgrades will vary depending on factors such as location, industry, and project type.
Some areas to explore include:
Government Programs
Financing support at the federal government level can include initiatives from the Department of Energy (DOE) and Environmental Protection Agency (EPA) to administration-led programs such as the CARES Act, the Inflation Reduction Act (IRA), and the Infrastructure Investment and Jobs Act.
Utility Company Programs
Area utility companies such as Columbia Gas, in Ohio, and DTE/Consumers Energy, in Michigan, often provide financial incentives for their customers to upgrade to more energy-efficient HVAC systems and building automation systems.
Tax Credit & Rebate Programs
Tax credits and rebates are available for commercial businesses investing in energy-efficient HVAC and mechanical systems. Tax credits can help offset the cost of upgrades.
C-PACE Financing
Alternative financing solutions can be found in C-PACE (Commercial Property Assessed Clean Energy) eligible projects. These range from HVAC, boilers, and chillers to energy control, lighting, solar, and waste energy recovery.
State and Local Programs
State or local government programs in Ohio, Michigan, and Indiana, may support energy efficiency and sustainability initiatives through low-interest loans, grants, or other financial assistance designed for businesses, manufacturers, and schools.
Industry Programs
HVAC industry organizations such as ASHRAE can be an excellent source for additional information or financing programs.
Mission Driven Organizations
A range of independent, not-for-profit organizations and foundations may offer programs to support their commitments to advancing energy efficiency and sustainability. Learn about MISO and PJM Energy Credits.)
Energy Efficiency Initiatives
Several programs and initiatives exist to inform buyers about solutions to improve energy efficiency. Energy Star and the Office of Energy Efficiency are just two examples. Making upgrades can help you claim tax deductions or rebates.